Household debt continues to rise. And most of all increasing housing loans. Future amortization requirements helps to stoke the borrowing party.
The annual growth rate of loans to households stood at 6.2 percent in February. There is a slightly higher growth rate than in January, according to figures from Statistics Sweden (SCB).
The greatest increase housing loans, which is the largest component of household debt. Where is the growth rate of 6.6 percent.
In order to curb household debt the FSA has proposed that the amortization requirements will apply to mortgages taken from August 1.
– It can almost have the opposite effect, that you feel that you need to act now before the new amortization rules take effect. So therefore fit perhaps to buy or change residence now to escape quite easily. It can be rather drive both lending and home prices, says Ingela Gabrielsson, private economist at Nordea.
The Real Estate Agent confirms the picture.
– There are many who would like to make a home business before amortization requirements will. It is a very pressure on the market, there is a high turnover and many who want to do business. This has meant that the market is very hot and the prices have gone up, says Johan Westerberg, Head of Real Estate Agency.
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