Lars Nyberg, the deputy governor of Sweden's central bank Riksbank, said that high growth rates for both commercial property and housing in Sweden will prove unsustainable in the longer term. 'I believe that property prices may well continue rising at a fairly high rate over the coming period. But in the slightly longer term such a rapid increase is not sustainable,' Nyberg said. He added that Riksbank would pursue cautious policies. However, he does not believe there is currently a general over-valuation of the property market.
Premium subscriber content – please log in to read more or take a free trial.
