I saw this story yesterday in a Swedish newspaper and thought it was interesting enough to comment on. Apparently, Swedish investment professionals are telling clients that the Spanish market is "hot" right now, given the depressed state of house prices there. I don't know exactly what to make of this phenomenon since I haven't seen it widely reported. But it bears noting as Sweden's economy is doing quite well. And signs of speculative housing activity in Germany, which has done well, are marked.
The article came out yesterday in the Svenska Dagbladet, titled, "This is how you buy Spanish property". The premise in the article is that 1. many Swedes are now (in the winter months) looking for another place to invest in property. 2. the krona has risen vis-a-vis the euro and 3. prices in ...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.