Published 12 December 2022 at 17.02
Economics. SEB's housing price indicator – the difference between the proportion who believe prices will rise and the proportion who believe prices will fall – decreases in December by 3 units, from minus 33 to minus 36.
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The percentage of households who believe in rising prices in the coming year is this month at 22 percent, which is unchanged compared to last month.
The percentage who believe in falling prices amounts to 58 percent, an increase of 3 units. The proportion of households that believe in unchanged prices decreases by 2 units to 12 percent.
– Households end the year by adjusting down their housing price expectations for 2023, which is quite a reasonable course of action as we look towards a recession that will is reflected in tight household budgets and reduced consumption, says SEB's private economist Américo Fernández in a press release.
When asked what households think about the level of the Riksbank's key interest rate in one year, they answer on average that the key interest rate will rise to 3 .21 percent, which is an increase of 0.76 percentage point from the previous month.
– The Riksbank's latest increase has a strong impact on households' view of the key interest rate. Even if households are now somewhat higher than the Riksbank's own forecast, it is a welcome message that they are preparing for tougher times. Hopefully, this will lead to more people building up financial airbags that may well come into use next year, says Américo Fernández.