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Nordic Economies Risk Housing Market Collapse

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http://www.bloomberg.com/news/2010-08-18/nordic-economies-risk-housing-market-collapse-that-may-trigger-recessions.html

Nordic Economies Risk Housing Market Collapse That May Trigger Recessions
By Kati Pohjanpalo and Johan Carlstrom - Aug 18, 2010 11:00 PM GMT+0100
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Business ExchangeTwitterDeliciousDiggFacebookLinkedInNewsvinePropellerYahoo! BuzzPrint House prices in Sweden, Finland and Norway may slump, derailing one of the strongest rebounds in Europe and threatening to drive their economies back into recession.
Swedish real estate may fall as the 20 percent of borrowers with the biggest debts struggle with burdens as much as 46 times their disposable incomes, says Royal Bank of Scotland Plc. Norway’s central bank says low interest rates risk overheating its lending and property markets, while euro-member Finland says a bubble may be forming in its housing market.
“I’m very worried,” Finnish Finance Minister Jyrki Katainen said in an interview. “There could be a housing bubble in the making in Finland.
There is a risk that mortgage borrowing costs are too low.”
.../

Low mortgage costs are fuelling trouble of that we can be certain. Poor old Merv's low IR subsidies to try to save our economy may be coming to grief very soon as the market collapses despite imprudent IR.

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http://www.bloomberg.com/news/2010-08-18/nordic-economies-risk-housing-market-collapse-that-may-trigger-recessions.html

Nordic Economies Risk Housing Market Collapse That May Trigger Recessions
By Kati Pohjanpalo and Johan Carlstrom - Aug 18, 2010 11:00 PM GMT+0100
Email Share
Business ExchangeTwitterDeliciousDiggFacebookLinkedInNewsvinePropellerYahoo! BuzzPrint House prices in Sweden, Finland and Norway may slump, derailing one of the strongest rebounds in Europe and threatening to drive their economies back into recession.
Swedish real estate may fall as the 20 percent of borrowers with the biggest debts struggle with burdens as much as 46 times their disposable incomes, says Royal Bank of Scotland Plc. Norway’s central bank says low interest rates risk overheating its lending and property markets, while euro-member Finland says a bubble may be forming in its housing market.
“I’m very worried,” Finnish Finance Minister Jyrki Katainen said in an interview. “There could be a housing bubble in the making in Finland.
There is a risk that mortgage borrowing costs are too low.”
.../

Nice one, what with debt troubles in China too this is all adding up to another global meltdown sooner rather than later. Aces.

Low mortgage costs are fuelling trouble of that we can be certain. Poor old Merv's low IR subsidies to try to save our economy may be coming to grief very soon as the market collapses despite imprudent IR.

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  • 150 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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