The actual housing prices rose by 0.5 percent in February compared to January. But prices usually almost always rise this time of year. Adjusted for normal seasonal patterns, prices fell by an average of 0.3 percent across the country, according to Booli and the state-owned bank SBAB, which is behind the statistics.
Thus, the trend from the autumn and winter continues, where last year's price increase during the first half of the year has worn off. The fact that the Swedish Central Bank and analysts no longer believe in further interest rate cuts has likely had an impact.
That will likely have a braking effect, said Hans Flink at Svensk Mäklarstatistik in connection with the January statistics, which showed falling prices.
Expected to rise in the spring
The seasonally adjusted decline in February, according to Booli's fresh figures, applies to both apartments and houses.
In the spring, housing prices are expected to rise, and then fall back in the autumn, in line with normal patterns, guesses SBAB's chief economist Robert Boije. Overall, prices would then have risen by six percent in actual terms throughout 2025. Currently, there are nine percent left before the peaks of 2022 are reached.
Apartment prices have risen more than house prices over the past three years.
"If our prognosis is correct, apartment prices will soon be back at the same levels as they were in the spring of 2022, before the inflation shock and the Swedish Central Bank began to raise the interest rate," says Robert Boije in a comment.
House prices have a longer way to go, partly because prices for small houses took off during the pandemic.
