[ad_1]
Housing prices in the municipality of Stockholm continue to fall. The statistics noted by TT indicate a decrease of 1.0% in the first half of November.
A broker presents a two-year residency in the Stockholm suburb of Östberga. Stock Photography.
The figures come from Valueguard in conjunction with the company's monthly measures of housing price developments across the country and are calculated prior to seasonal effects.
The analyst company, which began reporting on price developments this fall, has now left it to TT to review the November figures exclusively.
"This has been a long-standing evolution, when we had a large choice of housing, while the number of speculators is relatively constant, which leads to falling prices," commented Fredrik Kullman, CEO of Bjurfors Stockholm. .
– The reopening of market activities took place last month, which can only be interpreted as a meeting with buyers and sellers at a higher level. Nowadays, the seller does not have as many expectations as prices, but he has to adapt to the market.
The development also confirms what it looked like in October. In Stockholm, prices fell by 0.5%, while the so-called HOX index fell by 0.9% compared to the previous month. For the right to housing, the decline was 0.4%, while that of villaindex decreased by 1.2%.
However, October is traditionally a weak month and corrected for seasonal effects. Instead, there is an increase of 0.4%. In Malmö, even the trend is up when house prices rose by 1.3% and villas by 1.1%.
Fredrik Kullman, however, sees a risk of continued decline, as the Riksbank is now preparing to raise the key rate of the current historically low level.
"The immediate reaction is that the drop in prices we saw last year will become a bit faster, we're just going to see a little hack," he says.
"We will probably see a gradual decline in a while, and the only thing that can change is a broad political agreement, so that everyone knows the rules of the game in the marketplace.
TT: Is this really a problem?
"That prices are adjusted and interest rates are rising is not strange, nor should we be able to amortise our loans.The main problem is that we have a dysfunctional housing market where, for example, Elderly people who prefer nothing more than moving out of their homes and settling in an apartment can not afford, and families with children can not afford to move to a villa, but lock effects are very important, including moving taxes.
Facts: Valueguard Price Index
| zoned | 1 month | 3 months | 12 months |
| HOX Sweden | – 0.4 | 0.2 | – 2.9 |
| Right to housing, Sweden | – 0.4 | 0.2 | – 2.9 |
| Stockholm | – 0.5 | 0.5 | – 2.6 |
| Gothenburg | – 0.5 | – 0.2 | – 3.8 |
| Malmo | 1.3 | 1.5 | 0.6 |
| Source: Valueguard. |
Source link
