Monday, 28 January 2013
The Swedish Monetary financial institutions’ (MFIs) say that Swedish
household loans increased at an annual rate of 4.5 percent. This is
lower than in November when the growth rate was 4.6 percent, thus a
According to statistic Sweden, the growth rate was 5.2 percent in
December of 2011. The growth rate during the second half of 2012 has
remained between 4.5 and 4.6 percent. MFIs include banks and housing
credit institutions among others.
One of the drivers of the growth of Swedish has been attributed to what
is always described as that Swedish houses are over valued. Thus
expensive houses means higher loans and more borrowing. But according
to this new report, that borrowing has fallen. Housing loans are loans
to households with single-family dwellings, condominiums and
tenant-owned apartments as collateral.
Households' borrowing from MFIs in December amounted to Skr 2 764
billion. This represents an increase of Skr 115 billion compared with
the corresponding month last year. Most of the increase can be
explained by housing loans, which accounted for Skr 97 billion of the
increase and had an annual growth rate of 4.6 percent in December.
by Scancomark.se - Source SCB
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