The price increase for housing in August is normal. That's how it usually looks, states SBAB's chief economist Robert Boije in a press release.
Does not believe in more price increases this year
But he does not think you should count on much more price increases during the rest of the year.
"If the normal seasonal price development becomes what it usually is on average during the autumn, then you can count on the housing prices having stood more or less still during the year when we do the closing", writes Boije in a comment.
The apartment prices rose by 3.0 percent in the whole country, with increases of 4.3 percent in Greater Gothenburg and 4.1 percent in Greater Stockholm. At the same time, declines for apartment prices in Greater Malmö and Northern Sweden are noted, by 1.1 and 2.4 percent, respectively, according to a housing price index from the state-owned mortgage bank SBAB and its housing website Booli.
Overall, the prices for apartments are starting to approach the historical peaks from just over three years ago.
"The apartment prices are now more than 4 percent below the peak notations from the spring of 2022", according to SBAB and Booli.
Record large supply and fee increases
The house prices also rose in August, but less clearly. There, the increase was 1.3 percent and when it comes to houses, it is as much as 11 percent left up to the peak notations in the spring of 2022, according to the index.
"Rising real household incomes and lower mortgage rates should work positively on housing prices", says Robert Boije.
"The anxious world situation can at the same time continue to lay a wet blanket over the housing market in a similar way as it has obviously done for households' consumption in general. Add to that that many housing associations probably still face some continued increases in monthly fees", he adds.
According to Boije, the record large supply of housing right now can also dampen the price development.
