Amorteringskravet soothes the speculators, opec – Sveriges Radio

– There are no trends on a stop in the market. The brokers themselves are saying that there are a few less shows and prices have stabilized, you could say. I think and hope that amorteringskravet had a calming effect on the market. It does not go that fast in budgivningarna, ” says Michael Gunner, bolånechef at Nordea in Sweden.

The first of June was introduced amorteringskravet for the country’s bolånetagare. The echo has asked the four major banks Handelsbanken, SEB, Nordea and Swedbank about how the business was affected by customers must now begin to pay off the loans. All respond that it is a little early to see the effects because it is only for new loans and that banks in the past have introduced some form of amortisation.

Christer Trädgårdh, head of Swedish operations at Swedbank, has nevertheless noticed that a number of customers affected.

” What has happened is that it appeared several cases where it has become more doubtful as to whether one should borrow or not. There will be more households that fall in the borderland. But it can also mean that they are buying something that is cheaper, which is common, ” says Christer Trädgårdh.

Rapidly rising house prices in front of all the big cities have has increased the households ‘ debt, which is now growing at a faster rate than wages. In August mortgage lending increased by over eight per cent in volume compared to August last year – and this concerns not least the governor Stefan Ingves.

mr Ingves want to see more than new amorteringsregler to reduce the risks of a bubble bursting, the day interest rates rise and prices may start to fall.

But Michael Gunner at Nordea believe that their customers have good margins to cope with future interest rate hikes.

” today, we require at least eight per cent in the cost of capital, plus a femtioårig straight-line amortisation.

Swedbank expects a much higher interest rate than in the day when banks make bolånekalkyler for their customers. But the question is what happens if house prices and debt continue to rise – despite the new amorteringsreglerna?

” It is clear that the larger the debt, the tougher it will be if something happens. For example, if there will be high unemployment and interest rates go up at the same time, ” says Christer Trädgårdh on Swedbank.

Sören Granath
soren.granath@sverigesradio.se