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Now Housing Prices Are Rising

The housing prices rose in October according to Danske Bank's housing price indicator.

» Updated: 31 October 2024, 08:44

» Published: 31 October 2024

Now Housing Prices Are Rising
Photo: Annika Byrde/NTB/TT

The increase in tenant-owned apartments was 0.8 percent in Stockholm city in October, but adjusted for seasonal factors, it is an increase of 1.3 percent.

At the same time, the turnover on the housing market has also increased according to the bank's compilation.

"Many households already have a significant real wage increase since the beginning of the year in their baggage. The high supply of homes for sale does not currently appear to be an obstacle to a continued price increase,” comments chief economist Michael Grahn in the report.

The increase is believed to hold when the Swedish Central Bank is now expected to lower the interest rate further, closest at next week's interest rate decision. Danske Bank is counting on an interest rate of 1.75 percent next summer.

"This is something that will likely support housing prices in the coming months, the large supply that likely acted as a brake during the summer does not currently seem to hinder a relatively rapid price development," the bank writes.

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By TTThis article has been altered and translated by Sweden Herald

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