Sweden's Next Step Group Starts Construction on Multi-Billion Housing Project

Next Step Group, half-owned by Erik Selins Balder, has begun residential construction in Wendelstrand outside Göteborg, a multi-billion-dollar project. CEO Jacob Torell notes the housing market is slowly picking up after years of decline, signaling a potential recovery in Swedish real estate. The move suggests improving developer confidence and could indicate a bottoming in the housing cycle.

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