logo South Pacific Familyadventure 2008
Date: 11 Oct 2018 15:57:00
Title: Wealthy Country

Heading through the waterways in to Stockholm you pass many beautiful houses built just by the seaside.
Fashion is to have an old house built the last century and topclass restored. Some houses are also recently built but in old style.
Due to a combination of outstanding growth in wealth the last 25 years and extremely cheap bankloans ( to artificially stimulate growth) most houses have been restored to high levels.
The backside is the financial risk a country carries with a population highly dependent on loans with (historically) extremely low interest rate. The price of houses in Sweden have also increased to internationally very high levels.

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