Stockholm - (dpa) - The sharp decline in commercial transactions by Swedish real estate companies is the latest evidence of the demise of the sector's golden age, which saw rising real estate values and cheap financing.

The Bloomberg news agency quoted data collected by Pangea Roberti Partners that the volume of commercial transactions in the real estate sector in the largest economy in the Nordic countries fell by more than 60% last month, to reach 10 billion kroner (one billion dollars), after recording a record level. in 2021

Pangea's head of research, Mikael Soderlund, says the lower level of activity that began in March appears to continue into this month.

Soderlund said in an interview that while there were some big deals in the pipeline, "there is uncertainty now about what levels the prices should be in certain sectors".

The downturn could have a significant impact on the growth trajectory of Sweden's publicly traded real estate companies, which account for the largest weighting in the OMX Stockholm index, after industrial, banking and investment firms, and accounted for about half of total corporate bond sales in Sweden last year.