Sweden — Financing conditions for real estate companies have continued to improve so far in 2026, with strong competition between banks and the capital market driving down margins. However, clouds are gathering on the horizon, primarily due to rising long-term interest rates—particularly in the US. The Riksbank has kept its rate at 1.75 percent so far this year, but expectations of near-term hikes have increased. Erik Nyman, Head of Research at JLL, analyzes the state and future of the financing market, as well as the conditions facing real estate companies and their strategic focus in the current environment.