On single-family markets sold over every eighth house before viewing, according to a survey conducted in conjunction with SBAB’s survey of estate agents.
Housing prices increasing at a rapid pace. The strong demand pushes sales times, which means that the supply of homes for sale is at a record low. Especially in big cities, it is often scramble among potential buyers of the items that come on the market.
“That so many condominiums are sold prior to the regular display is a clear sign of how hot housing markets in big cities. The pressure is simply so strong that neither the buyer nor the seller really has time to adjust to new price levels, “writes Tor Borg, chief economist at SBAB, in a statement.
SEB’s home price indicator shows that households still believe in rising prices. Of those surveyed households responding 77 percent said they believe in rising housing prices in the coming year. This is an increase of 1 percentage point from last month’s 76 and is the highest quotation measured to date. However, since the proportion who believe in falling prices have risen drops the overall boprisindikatorn one notch, from the record level 68-67.
“After four months of gains stabilized boprisindikatorn now at a very high level and market teeters . Low interest rates and high demand suggests continued rise while the amortization requirements, tax increases and increased construction suggests that expectations can now be suppressed, “writes SEB’s private economist Jens Magnusson.
No comments:
Post a Comment