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New figures from Swedish brokerage statistics show increases
Of: Gustaf Tronarp, Ronja Mårtensson
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The housing market is roasting amid the corona pandemic.
In central Stockholm, the median price for condos has topped the 2017 top list.
– We see new record levels, says Per-Arne Sandegren of Swedish Brokerage Statistics.
Photo: Press photo
Per-Arne Sandegren, head of analysis at Swedish Brokerage Statistics.
The crown crisis has shaken the world economy. But the Swedish housing market continues to keep the pandemic at bay.
Recent data from Swedish real estate statistics shows that prices for condos and villas rose on a broad front in September.
In central Stockholm, a condo costs an average of SEK 96,346 per square meter. That’s almost SEK 2,000 more than the previous price record, which was set in July 2017.
New major announcements have also been seen in Gothenburg and Malmö.
– There were negative signs in relation to covid-19, but the pandemic has not caused a drop in prices. It’s been the other way around, says Per-Arne Sandgren, chief analyst at Swedish Brokerage Statistics.
– We do not see anything in the near future that will come around the corner and that could break the current trend. The demand is high and the supply is small.
The number of stores is also increasing significantly. In September, nearly 13,000 condos were sold, an increase of 14 percent compared to the same month last year.
Sharply up for house prices
Coronan has brought with it a great desire for bigger houses. Last year, house prices rose 10 percent.
However, that pace doesn’t seem to hold up, according to Per-Arne Sandegren.
– Where it is difficult to increase in double digits for several years in a row if wages and inflation are not kept up.
In the housing market, the supply is low. The number of transactions decreased 3 percent compared to September 2019.
This can threaten development
Real estate agency Erik Olsson expects a stable real estate market in the future as well.
“There is much to suggest that the effects of the corona will last longer than many thought this spring. This may make more people want to change homes than usual. If we work more from home and stay away from home less than usual for a long time, it should lead us to think that home is more important, ”the company writes in a comment.
Prices could break if unemployment continues to rise, the agency says. One of the reasons that layoffs and notifications have yet to hit the market may be that it is primarily low-paid people who have been affected.
“Paradoxically, it may be that
it has a stronger real estate market as a crown effect than we would have had otherwise, as concerns about higher mortgage rates are less now, ”the analysis states.
Condominium development price
| 1 month | 12 months | Average price (NOK / m2) | |
| The kingdom | two% | 5% | 43 433 |
| Central stockholm | two% | 5% | 96 346 |
| Central gothenburg | 0% | two% | 63 124 |
| Central malmö | 3% | 5% | 35 641 |
Villas development price
| 1 month | 12 months | Average price | |
| The kingdom | two% | 10% | 3,601,000 |
| Greater Stockholm | 3% | 10% | 6,344,000 |
| Greater Gothenburg | two% | 8% | 4,952,000 |
| Greater Malmö | 3% | 10% | 4,664,000 |
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