Economy The Swedish housing market is cautious with a record low supply and stagnant prices of both condominiums and villas in november, according to Svensk Mäklarstatistik. Right now, there are no new political measures to cool the market, consider a bankekonom.
anyone who so wishes may interpret the same prices as a trend reversal, but as measured in the annual rate is the price increase this year on condominiums, 7 per cent and 9 per cent on villas. The only area that differed significantly, both in november and over the whole year, is Malmö where prices of condominiums in the central city increased by 16 per cent in the last 12 months.
- Bostadsrättsmarknaden in Malmö seems to live its own life. Over the years, with surges departed Malmö also from the pattern with smaller price increases. An explanation that is usually highlighted is the proximity to Copenhagen, but the may think is a bit excessive. The fact is that we don’t really know what it depends on, says Per-Arne Sandegren, chief analyst at Svensk Mäklarstatistik.
No new action
In general, there are small changes in the metropolitan areas. The lowest levels are found in the centre of Stockholm and the greater Stockholm region, where prices increased by 4 and 5 percent in the past year.
Hox index, which uses a different method of measurement, shows the same development.
Politicians and authorities are considering additional measures to cool down the housing market should take it easy now, think Andreas Wallström, chief analyst at Nordea.
- the New measures seem to no longer be so necessary. It is seen inbromsningstecken and if you look at the household credit growth as it reduces the now and to the introduction of new policy measures, they should focus on the housing market functioning, and not to mitigate a risk of overheating.
Reduced range
Andreas Wallström do not think that it needed more stimulus measures to increase construction.
- Housing construction has grown substantially in the past three years and, even there, one should be cautious with the new measures.
In november, there has been a sharp decrease of the housing supply in Sweden. The number of new homes that came on the market was 19 percent lower in november of this year compared with the corresponding period last year. For condominiums, the decline was 14 percent, according to Hemnet.
the Prices of holiday homes have increased by 9 percent in the past year.
Facts: Statistics november 2016
Condominiums 1 months 3 months 12 months Average price (per square feet)
Empire of ± 0% + 3% + 7% 37 994
the Centre of Stockholm + 1 + 4 + 4 90 853
Stockholm ± 0 + 5 + 5 57 876
the Centre of Gothenburg ± 0 – 1 + 6 58 752
Big-Gothenburg ± 0 + 1 + 9 42 349
the Centre of Malmö + 2 + 8 + 16 30 193
Malmö – 1 ± 0 + 13 25 504
the Statistics are based on sales of 28 132 condominiums during september to november 2016. Tremånaderssiffran is a comparison with June–August, tolvmånaderssiffran with the september 2015–november 2015 and in enmånadssiffran comparing August–October with the current period. The average price is based solely on the last month of sales.
Villas 1 months 3 months 12 months Average price
the Kingdom ± 0 + 2 + 9 2 866 000
Stockholm ± 0 + 2 + 7 5 335 000
Big-Gothenburg + 1 + 3 + 10 4 449 000
Malmö ± 0 + 2 + 8 3 486 000
the Statistics are based on sales of 13 828 villas. Rikssiffrorna for villas and condominiums is calculated as a weighted average of the underlying metropolitan areas and the rest of the empire. The price trend for villas based on K/T’s (the Purchase price/assessed tax Value). The average price is based on the latest month of sales.
holiday Homes 12 months Average price
the Kingdom + 9 1 573 000
the Statistics are based on sales of 5 310 holiday homes between december 2015–november 2016. The development is compared with the previous 12-month period.
Source: Svensk Mäklarstatistik
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