Housing prices continue to rise – Aftonbladet

The housing market remains red hot.

In May, the average prices of both condominiums and villas, and the trend looks set to continue.

It scrapped amortization requirements have not dampened the housing market, on the contrary. New figures from the Swedish Agency statistics show that prices for both apartments and houses continued to rise even during May.

During the past 12 months, prices of condominiums have risen by an average of 13 percent and villas with 11 percent of the country.

– Annual growth in both large cities and the rest of the country continues to remain at high levels , says Per-Arne Sandgren, Head of Research at Swedish Mäklarstatistik.

More home sales

The number of transactions has increased.

– During the first five months it has been sold 14 percent more homes than the same period last year, says Per-Arne Sandgren.

In May, prices of condominiums by 1-2 percent, according to Swedish Mäklarstatistik. And it is the center of Gothenburg has increased the most. Where one saw an increase of 2 per cent and the average price is now at 53,160 dollars per square meter.

– Gothenburg peaks even inner-city statistics with a remarkable årsuppgång of 25 percent, says Per-Arne Sandgren.

The most expensive is still the center of Stockholm with an average price of 82,371 per square meter, an increase of 17 percent compared to May 2014.

Central Malmö is the only exception where housing prices remained stable in May, and the price per square meter stopped at 24 130 crowns.

The most expensive villas in Stockholm

Even condominium market rose by 1-2 per cent during May. Most expensive villas can be found in Stockholm, where the average price is 5,128,000 crowns, compared with the country where the average villa will cost 2.828 million crowns.

According to brokerage site Hemnet see the trend set to continue.

– We see a record interest, both to buy and sell homes and there are no signs that the trend will subside in the foreseeable future. During the last two weeks, it has come out more condominiums than ever for sale. It is interesting to note that it scrapped amortization requirement does not appear to have cooled the market, says Staffan Tell spokesperson on Hemnet.