Tue Sep 18 BST (about 3 years ago)
In your timezone (EST): Tue Sep 18 12:00am - Tue Sep 18 12:00am
Swedish property market remains strong, with transaction in line with last year and with increasing rents albeit at a slower path - are we at the top or have we passed it?
The Swedish housing market has slowed down, The Swedish FSA has introduced amortization requirements twice on mortgage and also debt quotas to slow down household’s indebtness. Will this result in lower consumption and ultimately GDP growth? Will the expected reduction in housing construction further dilute a negative development in GDP and will the banks withstand this development? Would the household’ high indebtness and a downturn in the commercial real estate market pose a risk for the bank system and would this pose a serious threat to financial stability?
Is the growing number of environmentally certified properties a competitive advantage and a credit positive or just a marketing tool for property companies? How is environmental risk being incorporated into the credit analysis of the real estate companies? The number of rated Swedish real estate companies has increased and several of them are on positive outlook. Is this driven by company specific fundamentals or is it a reflection of Moody’s outlook for the sector? What are the trends, risks and opportunities on the bond markets?
Join Moody’s Real Estate Conference to gain the latest insights and get your questions answered on the Swedish real estate companies’ creditworthiness and financial stability.
Kerstin af Jochnich
First Deputy Governor, Sveriges Riksbank
Chief Economist, Swedish Financial Supervisory Authority