Brokers: Bright mortgage future

Published December 23, 2024 at 12:09 PM

Economy. A majority of brokers believe that housing prices will rise during the first quarter of the year, according to SBAB's latest Broker Barometer.

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The barometer shows that 53 percent of brokers predict a price increase while 45 percent believe that prices will remain unchanged. Only 3 percent believe in falling prices.

At the same time, the supply of housing is predicted to continue to increase, although optimism has decreased somewhat compared to previous surveys. 61 percent of brokers believe that more condominiums will come onto the market, especially in Gothenburg. Demand is also expected to rise, but not at the same rate as supply.

– I am a little surprised that as many as almost every other broker assesses that housing prices will remain stagnant during the first quarter of next year. The slightly longer fixed mortgage interest rates, which greatly affect housing prices, certainly do not look like they will fall any further. At the same time, rising real household incomes in combination with seasonal patterns normal for the time of year should point to rising housing prices during most of the spring, says Robert Boije, chief economist at SBAB, says SBAB's chief economist Robert Boije in a press release.

Sales hours are expected to be shortened, and nearly 6 out of 10 brokers believe that it will be easier to sell homes during the coming quarter. Brokers in Gothenburg are particularly positive, both for tenant-owned apartments and villas.

When asked about the proposal to raise the mortgage ceiling and lower amortization requirements, 72 percent of brokers were positive and believed that it would make it easier for first-time buyers. At the same time, some expressed concern that the measures could lead to higher housing prices and increased indebtedness.

The real estate barometer is based on a survey among 220 real estate agents in the country's three metropolitan regions and is conducted quarterly by SBAB.