Small Apartments See Decline in Buyer Interest Amid Economic Challenges

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Small Apartments See Decline in Buyer Interest Amid Economic Challenges
Photo: Viktoria Bank/TT

Interest in buying tenant-ownership rights is decreasing for the third month in a row, shows SBAB/Booli's indicator Bomarknadstempen. Above all, it is one-room and two-room apartments that are meeting a lukewarm interest.

Difficult economic times, mortgage rules and amortization requirements have hit first-time buyers, those who usually buy one-room or two-room apartments, particularly hard, says Robert Boije, chief economist at SBAB.

He does not see the Swedish Central Bank's expected cut in the interest rate next week as a potential temperature increase in the housing market.

It is the longer, fixed interest rates that affect housing prices. On the other hand, a cut in the interest rate can have a certain psychological effect on the market, says Robert Boije.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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