It is not only in Sweden that the housing market is shaky.
Just ask former Premier League star Sol Campbell, 48.
The 48-year-old is now forced to cut the starting price of his luxury home in the Chelsea area by nearly 20 percent.
2004, when Sol Campbell The family played for Arsenal, bought a luxury villa in the Chelsea area, outside London.
A little over a year ago it was put up for sale and since then Campbell has been trying to get rid of the listed luxury home in exclusive Chelsea.
The dwelling, which has eight bedrooms and seven bathrooms, is priced at around SEK 290 million.
It was blown up by the tenant
Today, the price is down to about 240 million Swedish kronor, down about 17 percent, according to the Daily Mail.
The British tabloid further wrote that Campbell had rented the property since last summer, but was defrauded of around SEK 18 million due to non-payment.
The tenant paid the deposit and the rent for three months. But that’s it. The former Premier League player said that not an extra penny was paid.
Campbell broke out as a young Tottenham player in the 1990s, becoming captain and winning the League Cup with the club in 1999. But when his contract expired in 2001, he opted to leave for free for arch rival Arsenal, who he then played for five years.
In addition to the house in Chelsea, the 48-year-old owns a mansion in Northumberland and a luxury apartment in Carlisle Mansions.