House prices rose 2 percent from June to July, according to SCB’s latest statistics. Looking at the past three months they have risen 4 percent.
Prices are rising on a broad front , in 18 of 21 counties in the last three months. In the metropolitan areas of Stockholm, Gothenburg and Malmö increased them between 2-4 percent. The largest increase was in Jämtland, 12 percent, while prices fell in Kalmar and Halland.
If you look at the number of purchases you can see that they have fallen, on it quite heavily. Both the previous month and the same period last year.
The figures for July this year show 2200 sales, they are preliminary and they are likely to be revised upwards. Statistics Sweden estimates that the number of final sales can land around 3600.
compared to June when next 5000 single-family homes were sold. Or last July when the number of sales was over 7 000th
It would mean a halving of the number of sales compared to July 2015.
One explanation could be the new principal requirements that came into force on 1st June. Previously it has been reported that many made housing deals in the spring to have time to take out a loan before the tougher requirements are implemented.
But Hans-Åke Palmgren , housing analyst at the National Board of Housing, find it too early to draw such conclusions. He believes that it is still good move on the Swedish housing market.
– There is still a välidigt hot market. We have population growth and inadequate housing. And we have continued very low interest rates so basically there are the conditions for continued pretty hot market.
Do you see any signs of slowing down?
– Yes, we are seeing a decline in property prices, especially in Stockholm last few months so there can perhaps sense a decline in the willingness to pay the highest prices “.
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