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Housing shortage threatens Swedish economy
Reuters said a housing shortage in Sweden is pushing up prices to levels close to those in central London and threatening to undermine one of Europe's most solid economies.
"We have built around half of what other countries have over the last 20 years. That shows that we have a long-term problem," Sweden's Minister for Public Administration and Housing, Stefan Attefall told Reuters.
"There is a restrictive effect on the recruitment of labour and a reduction in companies' competitiveness in the long term. So there are big economic consequences for society."
Last Updated (Wednesday, 20 November 2013 04:20)
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