Published 8 June 2024 at 13.21
Economics. The Riksbank's early reduction of the key interest rate in May resulted in sharply rising housing prices calculated in Swedish kronor.
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During May, the price of condominiums rose by 1.6 percent, and Sweden is thus approaching a normal price increase rate for housing by Swedish standards.
Villa prices also increased sharply, by 1.2 percent.
The figures indicate that the Swedish people are ready to borrow even though the key interest rate is still at the levels of the early 2000s, when housing prices in Stockholm, among others, were a fifth of where they are today.
According to TT, there is now concern that the price rally must be dampened by “a completely different cost picture” that results from the interest rate situation, especially for those who buy villas.
– Because of the interest rate situation, it is a completely different cost picture to borrow a number of millions, says Per-Arne Sandegren on Swedish Mäklarstatistik, to the newspaper.
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