Published 9 May 2021 at 13.02
Economics. In April, house prices rose by 2 percent and have now increased by as much as 19 percent in the past year. Holiday home prices also continue to rise – up 15 per cent on an annual basis, while condominium prices have increased by 10 per cent. It shows new figures from Swedish Real Estate Statistics analyzed by Länsförsäkringar Fastighetsförmedling.
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– Villas, holiday homes and large condominiums are sold faster and faster, often even before there is a published housing advertisement on Hemnet. Compared with last year, we see that the proportion of homes that are brokered before the regular viewing has increased by 20 percent, says Marcus Svanberg, CEO of Länsförsäkringar Fastighetsförmedling, in a press release.
In April, house prices in Greater Malmö and Greater Stockholm rose by 3 percent. In Greater Gothenburg and in the country as a whole, house prices increased by 2 percent. The prices of villas have thus risen by 19 per cent in the country during the past year.
The largest increase is in Jämtland County and in Stockholm County, where prices have risen by 25 and 22 per cent respectively in the last twelve months. Holiday home prices also continue to rise throughout the country and have now increased by 15 per cent on an annual basis.
– In some areas, housing prices now risk being pushed up to levels that are not sustainable in the long term. It is important that those who want to move make a clear budget and plan for how rising interest rates, reintroduced amortization requirements and changed working conditions can affect the household's finances, says Marcus Svanberg.
Condominium prices were stable in April, but have below last year increased by 10 percent in the country as a whole. The largest price increases are found in Värmland and on Gotland, where prices have risen by as much as 35 and 31 percent on an annual basis. Among the metropolitan regions, Malmö stands out, where the prices of condominiums have increased by 16 percent in the last twelve months.