House prices rose – for the sixth month in a row

Published 2 July 2024 at 16.21

Economics. Housing prices rose by 0.2 percent in June in Sweden as a whole. Housing prices have thus risen six months in a row and by a total of 6.6 percent since the turn of the year.

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However, it was a divided picture: apartment prices fell in four of six regions and with an average of 0.5 percent for Sweden as a whole. House prices, on the other hand, rose by 0.6 percent and in four out of six regions.

Cleaned for seasonal and other temporary effects, prices for Sweden as a whole rose by 0.5 percent – apartment prices by 0.6 percent and house prices by 0.3 percent. This is according to the SBAB Booli Housing Price Index (HPI) for June.

After the autumn declines, housing prices have now risen for six months in a row and with a total of 6.6 percent for Sweden as a whole, with the rise in June. The underlying price increase – that is, when you adjust for what is normal for a June month and other temporary effects – corresponds to an annual increase of 6 percent.

– That is a little more than what we have in our forecast based on on the expected development of mortgage interest rates and household incomes. At the same time, trend estimates are uncertain and can jump up and down a bit, says Robert Boije, chief economist at SBAB, in a press release. is finished. It can still be said that housing prices in June developed a bit stronger than is normal for this period of the year. Now awaits July when it is usually quiet on the housing market and, with the exception of August, an autumn with seasonally falling housing prices. It will be an interesting autumn, where continued reductions in the key interest rate may increase the will a little for housing transactions, while a very large supply of housing should reasonably have a restraining effect on housing prices.