Swedish Landlord Castellum Warns Rental Market Will Weaken More bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.Investors are keeping tabs on China after authorities called on banks to provide help to the beleaguered property sector, which makes up a huge part of the world's number two economy.
Long before Europe faced its debt crisis, Sweden struggled through its own 1990s property crash. Sweden first embraced property in the mid-1980s, when the country scrapped strict limits on lending, triggering a free for all that led to a housing collapse and the rescue of two banks, tipping the 10-million-strong country into recession. "The market is almost at a standstill," said Jens Henriksson, chief executive of one of the country's biggest banks, Swedbank.