Will the housing market crisis in Sweden affect Portugal? Analysts discuss.

The housing crisis in Sweden has alarmed analysts, who recall the crisis in that country in the 90s, which affected the financial system. Nevertheless, the situation inPortugalis radically different: “We are far from a mirror.

Economist and ISEG lecturer Joao Duc recalls that the development of prices and transactions in the European marketreal estateshows a negative trend since the fourth quarter of last year. Joao Duc explains that despite the overall positive trend in the European house price index calculated by Eurostat, some markets are already experiencing a sharp decline: Sweden -6.9%, Germany -6.8%, Denmark -6.2%, Finland -5.1%.

Despite the crisis in the Swedishreal estateThe executive director of APPII believes the country has the tools to meet the challenge: “Sweden has some capacity to intervene in the sector to resolve any problems in the financial sector, as well as its own currency. This gives them other weapons that they don't have.Portugal”, he said.