Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Swedish home prices rise year-on-year in November, likely to remain stable going forward

Swedish home prices rose on a year-on-year basis in November. Prices rose 0.8 percent year-on-year in the month, whereas it was up 0.5 percent sequentially. Apartment prices in Stockholm rose 0.3 percent year-on-year and 0.6 percent sequentially. The last four months has seen a rise in home prices and apartment prices in Stockholm. Since the start of the year, home prices have risen 1 percent while apartment prices in Stockholm have risen 1.5 percent. Nevertheless, current prices are still below peak levels.

Transactions volumes for apartments have dropped since the start of 2018. Stricter credit requirements from banks, as well as a forthcoming interest rate hike might have made households more cautious.

“Our view of stable prices going forward remains. The Riksbank will probably hike the repo rate next week but we believe that to be a one-off. That means that the households can continue to enjoy low interest rates for a while”, said Nordea Bank.

Strong labor market also supports the view of unchanged prices. At present, jobless rate is at 6.1 percent and the proportion of companies reporting labor shortages is record high.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-07-02 15:32:08
0m
2019-07-02 15:32:02
0m
2019-07-02 15:30:39
0m
2019-07-02 15:30:27
0m

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 767837767837m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767837767837m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 779657779657m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 767837767837m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 779657779657m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 767837767837m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767837767837m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 767837767837m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.