Imf concerned about rising swedish house prices

The IMF has voiced "increasing concern" over rising house prices in Sweden. Apartment values jumped 9 per cent in May 2014 year-on-year, according to Svensk Maklarstisk (via OPP Connect), while prices of single-family homes increased 7 per cent across the same period.

The IMF warned that the country has high levels of household debt - 175 per cent of disposable income in 2013 - suggesting a maximum period for people to take out mortgages. It also recommended a limit on monthly payments based on income and a raise of the minimum deposit on a house to 25 per cent of its total price.

Bulding homes was also one of its recommendations, reports Business Recorder: "the demand for housing is outstripping supply, reflecting ongoing rapid urbanisation and immigration trends".