Sweden’s housing market is the most risky in the world, according to economists at Oxford University.
Reports on the Swedish housing bubble continue to come in. Now, economists at Oxford University find that the housing market is the biggest risk for a fall in prices, reports Bloomberg.
“Characteristic of Sweden, and countries such as Australia, Hong Kong and Canada, is a long-term housing bubble and high debt as a significant part of the debt rate,” says Adam Slater , senior economist at Oxford University.
These countries have the most risky housing markets in the world…where Sweden takes first place.