Interest rate cuts from the Swedish Central Bank's side gave an injection to the villa and apartment market in 2024. At the national level, villa prices rose by 4.5 percent, while for apartments, it was an increase of 3.6 percent. This according to statistics from the housing website Hemnet, which TT has taken part of.
But while the recovery is broad across the country when it comes to the villa market, it looks different on the apartment side. In two counties, Gotland and Södermanland, prices have even fallen, and for example, in Kronoberg, the increase is marginal (0.3 percent).
Jämtland tops the county list
The large increases are not entirely unexpected in, among other things, metropolitan regions such as Stockholm and Västra Götaland, while Jämtland tops the county list with an increase of 5.4 percent.
"Prices around the country began to clearly recover in 2024 and the recovery now appears to be gaining momentum," says Hemnet's analyst Erik Holmberg in a press release.
Interest rate decision awaits
The big question is, of course, how the market will develop in 2025. Later in January, a new interest rate decision from the Swedish Central Bank's side is awaited, and from an economic perspective, many believe in further interest rate cuts, while the Swedish Central Bank has been more cautious in its prognosis. Erik Holmberg, however, believes in rising prices:
"In 2025, there is still a great deal of uncertainty surrounding economic development. But there are also many factors that suggest prices can continue to rise. More optimistic households, strong faith in rising prices, and a general recovery in the economy should strengthen price development going forward," he writes in a comment.
