Swedish housing starts increased reached the highest level in a quarter of a century in the first half of 2016.as the country is trying to get out of a housing shortage that threatens the economic growth, Reuters reported.
Housing starts rose to 33,950 in the January to June period, a 44 percent increase compared to the same period in 2015, preliminary figures from Statistics Sweden showed.
The number of housing starts was the highest since the second half of 1990.
Decades of under-construction combined with a fast-growing population have fuelled a property bubble and led to concerns over labour mobility.
Music streaming giant Spotify warned politicians in April that a lack of housing was a major risk factor in its plans to employ thousands of new workers in the capital, Stockholm, in the coming years.
In order to ease the shortage the Social Democrat-led government set a target of building 700,000 homes by 2025.