Sweden’s housing market has never been as hot as it is now

The district of Hammarbyhojden, where Petrejusvagen and Hasselquistvagen are located with its Barnrikehus, in Stockholm, Sweden, on Monday, Dec. 7, 2020. The Barnrikehus, or “child-rich house”, municipally-built 1930s housing blocks that ring inner Stockholm are in high demand.

SWEDEN’S housing market is now hotter than ever before, exposing weaknesses in the extreme policy mix pieced together by the world’s oldest central bank.

House prices in Scandinavia’s biggest economy jumped 17% in March from a year earlier to their highest ever, with a record number of homes sold in the first quarter, according to data published on Wednesday.