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Even the resilient luxury housing segment is not immune to Sweden’s property downturn


Residential skyscrapers are rare in Stockholm, a city permeated by five-storey, classic stone buildings built at the turn of the last century.That’s now changing. The most spectacular addition to the skyline is nearing completion: A 125-metre, brutalist structure that could be mistaken for a tower of Lego blocks.Innovationen offers panorama windows and balconies overlooking the red, yellow and orange facades of the Vasastan neighbourhood. The apartments cost a hefty 100,000 kronor (US$11,000) a…

Source : South China Morning Post
Read more…Even the resilient luxury housing segment is not immune to Sweden’s property downturn

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