Heavy Snow fall in Sweden may have given pushed for oversupply of houses in the second quarter


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Friday, 08 July 2011
Running a home in snow ravage Sweden was very costly than living in apartments. This might have led to increase in the number of houses, known here as “villas” and cottages supplied in the market in the second quarter of this year.

Reports hold that there was a record number of such houses supplied which according to mortgage brokers, Fastighetsbyr´┐Żn, may have been due to a pent-up selling need after a snowy winter.
The increase in supply will call for a fall in the amount of homes to be sold according the real estate organisation.
When heavy snowfall affected Sweden in the past two year, people having exclusive homes came to realise that they got trapped in their homes and when they tried to get out they also realised that they could not support the high costs associated. Living in apartments would means that it will be easy to clear snow and salt the roads making it easy to go about business as normal. Heating bills too could be moderate
By Team

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