Sunday, August 7, 2016

Subdued housing market in the autumn – Västerbotten Courier

Economy. Soon it’s time for the big display weekends after the summer lull in the housing market. Economists and brokers believe that the price rise will level off in the fall. But the large supply may also cause prices temporarily fall.

Facts

– prices will continue to increase, but the rate goes down. We do not believe in falling prices this year or next year.

Bengt Assarsson, economist at the Institute of Economic Research, about housing prices.

Average price Tenant 2016

Empire: 1 4 million

The Greater Stockholm: 3.4 million

Greater Gothenburg 2.6 million

Greater Malmö: 1.6 M

Average price Villas 2016:

Empire 2 million

The Greater Stockholm: SEK 5.3 million

Great Gothenburg: 4.2 million

Greater Malmö 3.4 million

Source: Swedish broker statistics

NIER believed that the rate of growth in the housing market will go down.

– prices will continue to increase, but the rate goes down. We do not believe in falling prices this year or next year, says Bengt Assarsson, economist at the forecasting department.

Nordea’s chief analyst believe even he that house prices will flatten out.

– the main reason for this is that mortgage rates do not fall further. They seem to have bottomed out. 3-month mortgage rate has been unchanged the past 12 months, says Torbjörn Isaksson.

“Good print”

Swedish real estate believe in continued demand in the fall.

– Expectations are that it will be a good pressure. We have plenty of items to visningshelgerna.De housing that is attractive will continue to have high demand and I think that will continue for the entire autumn, says Tanja Ilic CEO of Swedish real estate.

Agents Association president Ingrid Eiken writes TT that supply may be lower in the fall.

“One concern I have is that it will be dead calm. The range may be lower, it will perhaps be fewer transfers pending the new regulations come into effect, “she writes.

No sharp price increases

HusmanHagberg and Notar think it can be a risk of an oversupply in connection with the first display weekends in August.

– There is a concern about this. An increase in supply could lead to lower prices for a period, but when it calmed down, I believe in stable prices in the fall, says Henrik Rundgren, Vice President of Notar.

Johan Vesterberg, Head of Real Estate Agency, see no indication that there would be an oversupply of housing by the end of August.

– I believe in lower sales in the fall and that fewer will of views. Many made their home purchases in the spring before amortization requirement was introduced. I believe that the low interest rate and housing shortage there will be a continued high demand for housing.

Dislikes large viewing weekends

Vesterberg do not believe in any substantial price increases and he does not believe that amortization requirement will have a major impact in the fall.

– Many people bought before June 1 this year amortise their loans, he said.

Erik Olsson Fastighetsförmedling do not believe that the repayment obligation will affect the housing market in the fall.

– We dislike large viewing weekends. There will be a wide range of large display weekends and lower prices, and it is not good for the seller, says Johan Nordenfelt Communications of the real estate agency.

Nordenfelt say they believe in stable prices fall.

– the housing creates a high willingness to pay, but the banks’ restrictive lending limits the ability to pay and the banks therefore controls the downward price trend, he said.

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