The August figures from Swedish Broker Statistics show a stagnant housing market. Both condominiums (minus 0.3 percent) and villas (up 0.2 percent) show extremely marginal changes compared to the previous month.
Compared to a year ago, condominium prices have only risen 0.2 percent from a national perspective.
We have had a slightly locked market where sellers have not wanted to release their homes because they see that they are not making the profits that have been made historically. Since then, there has been an oversupply over a longer period, assesses Irja Amolin, acting CEO of the brokerage firm Bjurfors.
A change
At the same time, a change is underway. During the major viewing weekend now in August, one could notice a greater interest and, according to Irja Amolin, visitor levels that have not been reached in several years.
The expectation picture is starting to come down and I would say that is the first step, then I do not think that there will be a huge price increase.
A possible interest rate cut from the Swedish Central Bank later in September would be beneficial but not decisive, she assesses for the price development.
Interest rate not decisive
The interest rate has now come down to a level where a further cut would rather be the icing on the cake. If the interest rate is allowed to remain, it would not have a hindering effect.
At current levels, Irja Amolin instead sees it as a favorable buying opportunity for a long-term buyer.
We have never had as many homes for sale as we do now, so as a buyer, you have a lot to choose from at the same time as there has not been a significant price development recently.
