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“On that, once again, the fact that condo prices rebounded again in January after a temporary drop in December can be well described. Despite the fact that the second wave of covid-19 weighs on parts of the economy and there is considerable uncertainty about the launch of vaccines, there is nothing to put a brake on the mood of home buyers, “says Michael Grahn, chief economist at Danske Bank in Sweden, in a comment.
Activity in the housing market also remained high, with 30% more condos sold than normal in January.
Danske Bank notes that households continue to benefit from low mortgage rates, the possibility of repayment freedom until the end of August and the elimination of the deferred interest rate.
“This, combined with the fact that the job market is proving resilient despite additional restrictions, means that we continue to believe that house prices will benefit throughout the year. Spending more time at home is also something that benefits house prices, ”they write.
Danske Bank’s house price indicator is based on transactions reported on Hemnet.
