SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Now Housing Prices Are Rising

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

» 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.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

New - smaller model - to boost Polestar
1 MIN READ

New - smaller model - to boost Polestar

New strength signals from the US banking sector
2 MIN READ

New strength signals from the US banking sector

Court Approves Plantagen's Reconstruction
1 MIN READ

Court Approves Plantagen's Reconstruction

Hitachi invests in Piteå – 100 new jobs
1 MIN READ

Hitachi invests in Piteå – 100 new jobs

Increased Probability of Interest Rate Cut
1 MIN READ

Increased Probability of Interest Rate Cut

Mass Layoffs at Oil Giant
1 MIN READ

Mass Layoffs at Oil Giant

Northvolt gets reprieve from US court
2 MIN READ

Northvolt gets reprieve from US court

Proposals for new electricity areas delayed
1 MIN READ

Proposals for new electricity areas delayed

Luxury Rally on European Exchanges
1 MIN READ

Luxury Rally on European Exchanges

Slightly Higher Inflation Expectations
1 MIN READ

Slightly Higher Inflation Expectations

Unexpectedly weak growth in the UK
1 MIN READ

Unexpectedly weak growth in the UK

German Inflation Rise Confirmed
1 MIN READ

German Inflation Rise Confirmed

The stock market continues to rise
2 MIN READ

The stock market continues to rise

Unexpected Strong Profit Surge for Semiconductor Manufacturers
1 MIN READ

Unexpected Strong Profit Surge for Semiconductor Manufacturers

Increased Sales in the Daily Consumer Goods Trade
1 MIN READ

Increased Sales in the Daily Consumer Goods Trade

Electricians called to civil defence duty
2 MIN READ

Electricians called to civil defence duty

Sources: Biden wants to stop TikTok shutdown
2 MIN READ

Sources: Biden wants to stop TikTok shutdown

Hard to choose mortgage rate: "Unique small differences"
2 MIN READ

Hard to choose mortgage rate: "Unique small differences"

Upwards in Asia
1 MIN READ

Upwards in Asia

Still Male Dominance in Stock Exchange Companies
1 MIN READ

Still Male Dominance in Stock Exchange Companies