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Tax code driving Swedish runaway housing prices

Housing board calls for gains tax to be dropped as many don't want to move

Supply shortage: Sweden's apartment prices nationwide have almost tripled since early last decade, and homeowners have amassed a record level of debt to pay for properties, central bank data shows. - PHOTO: BLOOMBERG

[STOCKHOLM] Sweden's state-backed housing agency says the current tax code is driving prices well beyond what is sustainable.

After the government rejected proposals to scale back tax deductions on mortgage payments, the National Board of Housing, Building and Planning is calling for...

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