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According to statistics, condo prices increased the most in Greater Gothenburg in March (2.6 percent). At the same time, prices rose 0.8% in Stormalmö and 1.1% in Greater Stockholm. According to SBAB, the rate of increase is clearly lower than in the previous month.
– Of course, individual monthly results should be interpreted with some caution. The rate of increase in flat prices in March than in February and falling prices in certain regions of Sweden may indicate that price increases are now slowing down, says Robert Boije, chief economist at SBAB in a statement. press.
In central and northern Sweden, price drops were even observed for flats of 1.1 and 0.3 percent, respectively.
As for house prices, they continued to rise. In central and southern Sweden, the increases were 5.9 and 4.5 percent, respectively. In Greater Stockholm, house prices rose 2 percent, Greater Gothenburg 4.2 percent and Stormalmö 3.2 percent, according to SBAB statistics.
– House prices continue to rise. Before the pandemic, rising house prices could be explained by fundamental factors such as falling mortgage rates and rising household incomes. Over the past year, house prices have risen by roughly 20 percent or more across Sweden. Possibly now we can start talking about the risk of a crown bubble. There is a surprising risk of some downward correction in house prices after the pandemic if consumption patterns return to normal, says Robert Boije.
