Historically, housing prices tend to increase in January, and this year's first month was no exception, according to new statistics from SBAB and the housing website Booli.
We can see that both apartment prices and house prices are rising, but it's a bit surprising that house prices are rising so much at the beginning of the year, says Robert Boije.
The increase comes after a fall in prices during the autumn, which is a fairly normal occurrence.
Apartment prices rose the most in Stormalmö (4.8 percent). Northern Sweden was the only region to show a decline in prices (-0.5 percent).
Generally stable
House prices present a mixed picture. Prices rose in three regions and fell in three. The largest price increase was in northern and southern Sweden (4.0 and 3.9 percent, respectively). House prices fell the most in Greater Stockholm (-1.4 percent).
However, Boije believes that the differences across the country are not cause for concern.
It's extremely difficult to say what's causing it. It can vary greatly between individual months in individual regions, and it can change over time, he says.
If we adjust for normal seasonal variations, the market is generally stable.
Then we've seen a marginal increase in house prices and a marginal decrease in apartment prices, says Boije.
Uncertain world
He also believes that homeowners cannot expect a major price increase during the year, despite the Swedish Central Bank's interest rate cuts. Prices are expected to follow the growth rate of household incomes and increase by 4-5 percent.
If that's the case, it would still mean a relatively rapid recovery. Apartment prices could already be back at the same level as before the inflation and interest rate hikes by the end of the year. According to Boije, it may take a year for house prices to recover.
We're living in an uncertain world with Trump. But if these major risks don't materialize, I think we'll see a fairly normal balanced housing market this year.
It's stable, calm, and nice, you could say.
Total + 2 percent
Apartments + 2 percent
Greater Stockholm + 1.6 percent
Greater Gothenburg + 2.5 percent
Stormalmö + 4.8 percent
Northern Sweden -0.5 percent
Central Sweden + 3.1 percent
Southern Sweden + 2.2 percent
Houses + 2 percent
Greater Stockholm - 1.4 percent
Greater Gothenburg -0.3 percent
Stormalmö - 0.3 percent
Northern Sweden +4.0 percent
Central Sweden +1.8 percent
Southern Sweden + 3.9 percent
Source: SBAB Booli Housing Price Index
