Sweden home supply tightest in 5 years

[STOCKHOLM] Sweden's supply of apartments for sale fell to the lowest in at least five years as the pace of transactions accelerates, according to the Hemnet website.

There were 6,613 apartments available for sale on Hemnet, the country's biggest property website, in the second week of January, the lowest since it started compiling data in 2008. The 11,281 single-family houses for sale in the period, one of the year's busiest, was the least since 2011, Hemnet's data showed.

Low interest rates and a shortage of properties have pushed prices and household debt levels to record highs in cities such as Stockholm and Gothenburg.