The real estate industry has been severely punished by the rising interest rates. "We see concern in stock prices," real estate profile Rutger Arnhult told Ekonomibyrån.
Many real estate companies have built up a balance sheet that is very sensitive to interest rate hikes. Gabriell Mellqvist, financial journalist at Dagens Industri: "We probably haven't seen the last of reluctant sales and bankruptcies of real Estate companies" "The share value is being eroded and there is not much left, which is reasonable in today's situation," says Christer Gardell, founder of Cevian Capital.