Real Estate Crisis
Swedish Landlords Face Crunch Year With $12 Billion Debt Wall
- Seizure at Stockholm landlord shows creditors are ready to act
- Next year will be a critical test for Sweden’s property market
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In an ominous sign for Sweden’s battered real estate sector, Stockholm-based landlord Oscar Properties Holding AB had assets seized by a creditor, showing how patience is running thin as a financial crunch intensifies.
Swedish property firms need to refinance or repay about $12 billion of bonds and hybrid debt in 2024, providing a fresh test for the epicenter of Europe’s real estate crisis. While there have been signs of stabilization, major players like Heimstaden Bostad AB are under renewed rating pressure and forced sales risk sparking fresh turmoil.