The proportion of households that believe in rising housing prices in the coming year is 59 percent this month, an increase of 1 unit from last month. The proportion of households that believe in falling prices decreases by 1 unit to 10 percent, and the proportion that believes in unchanged prices remains at 20 percent, the same level as last month.
The housing price indicator, which is the difference between the proportion of households that believe in rising prices and the proportion that believes in falling prices, stands at plus 49 in this measurement, an increase of 2 units from last month.
"Optimism is increasing slightly this month and nearly 60 percent of households believe in rising housing prices in the coming year. With the Swedish Central Bank's latest interest rate decision and clear signals that further cuts are expected in the autumn, there is reason to believe that both housing price expectations and actual housing prices will continue to rise," says SEB's private economist Américo Fernández in a press release.
Households believe on average that the Swedish Central Bank's benchmark interest rate will be 2.94 percent in a year, a decrease of 0.16 percentage points from the previous month.
