House Price Inflation In Sweden Worsens After 2 Years; The Country Is Also Experiencing Shortage Of Toilets

House price inflation has affected Sweden and the country is also reportedly experiencing a shortage of toilets.

Based on a report, Sweden is now facing the worst house price inflation in history. The prices rose at around 11 percent in the fourth quarter of 2014.

Although there is no monetary inflation reported in this Scandinavian country, the Swedish citizens are facing difficulty in saving money in the banks due to the negative interest rates. To save them, they used their mortgages instead and their cash savings at the same time.

Because of these ongoing crises, Swedes are "forced to liquidate their stocks and bonds" by selling their own houses. If this would continue along the years, economists are concerned of the possibility that the country will face downturn in their economy. If worse comes, it would also cause an economic death spiral, too.

Join the Discussion
Real Time Analytics