New support in the event of a fall in house and stock market prices

Published April 1, 2022 at 07.23

The government’s special investigator Markus Friselius has previously submitted the final report “Aid after the pandemic – a stronger Sweden” where two new forms of support are proposed to protect households from losses in both the housing and stock markets.

A new price compensation on the stock market will compensate 85 percent of households’ losses on the stock exchange between April 30 and December 31 this year. Private individuals are entitled to compensation for the securities sold that have been listed on a Swedish marketplace with a loss at some point during the period.

A special depreciation compensation for housing will be introduced at the same time and according to the proposal will apply at least until 2024. Through the compensation form, households will be compensated for 85 percent of the losses on condominiums or villas that have decreased in value during the period.

Special depreciation compensation is also given for unrealized losses, which means that households will not have to sell their homes at a loss to receive the compensation. It is enough that the home has decreased in value.

The Swedish Agency for Economic and Regional Growth is proposed to have the main responsibility for valuing housing and handling the payment according to the new forms of support. The regulations will enter into force on April 30, 2022.

Source: Fria Tider by

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