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Home loans and house sales

Andreas Cervenka, financial reporter and columnist at the Swedish daily newspaper Svenska Dagbladet, focused recently on home loans, noting that these have surpassed even stock market moves as the main talking point in society.

Meanwhile, Tidningarnas Telegrambyrå (via Dagens Nyheter) reports that house sales timescales have increased this year on last, mainly in large cities.

Cervenka recently discussed an interesting article by Thomas Alexander Stephens and Jean-Robert Tyran at the University of Vienna (yes, at last, a text in English) on why housing is such a popular investment, noting that people tend to focus on nominal value rather than returns on property. This research puts the expression “safe as houses” in a new perspective…

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