Swedes’ Housing Optimism Weakens With Lower Consumer Confidence

Optimism among Swedes over the direction of home prices is waning as the Nordic country continues to grapple with economic headwinds and the prospect of slowing growth.

A housing-price indicator from SEB AB, Sweden’s largest lender, fell by 2 points from the previous month to 34 in May, as 47% of respondents believe prices will gain, compared with 13% anticipating a decrease.