Real estate has been a graveyard trade for a long time — and for good reason.
Higher rates crushed valuations. Leverage turned toxic. Most names didn’t “crash” in one dramatic event — they just bled out slowly while the rest of the market chased AI and momentum.
I stayed away. That was the right decision.
But something is changing.
Rates are rolling over in a way that actually matters, and the market is increasingly pricing in easier policy through 2026. When that regime shifts, the sector rotation playbook is almost always the same: money starts leaving the overcrowded winners and begins sniffing around the laggards — especially the ones that have been written off for years.
This week’s playbook lays out exactly what I’m seeing and how I’m thinking about positioning.
What’s inside the full post:
A simple framework for the regime shift (what needs to be true for this to be more than a head fake).
Three Swedish setups currently showing improving momentum and cleaner technical structure (SLP, Intea, Bonava).
How I’m using AI as a compression tool — faster extraction and comparison — without outsourcing judgment.
The risk filters that keep this from turning into a “narrative trade” (position sizing, invalidation levels, and what would make me step aside).
Real estate doesn’t need to become the new leadership group for this to pay. It only needs to move from “unownable” to “re-rated.”
Full breakdown: regime shift + 3 Swedish setups + risk filters.