Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Housing prices rose in August - but are expected to fall

Housing prices rose by 2 percent in August, according to new statistics from SBAB. Now a autumn is awaited where the Swedish Central Bank has flagged for several interest rate cuts. If inflation jumps up again and the Swedish Central Bank does not lower the interest rate, it would be quite negative for the housing market, says Robert Boije.

Published: 02 September 2024
Housing prices rose in August - but are expected to fall
Photo: Judit Nilsson / SvD / TT

For villas, the increase in August was 2.2 percent and for apartments 1.5 percent. Adjusted for season, the increase was 0.7 percent for the country as a whole.

According to Robert Boije, chief economist at SBAB, an increase was expected since prices usually rise in August. However, they rose somewhat more than normal for the month.

We look at seasonal patterns and normally, housing prices rise during the spring months, then the summer months are a bit down, and then comes August, he says.

After that, housing prices usually fall in September to December, but it's uncertain what will happen this autumn.

Now everyone expects the interest rate to go down. If inflation jumps up again and the central bank doesn't lower the interest rate, it would be quite negative for the housing market.

It's the longer fixed interest rates that usually have the greatest effect on housing prices, according to Boije. Since they have already fallen, he believes it "should be priced in" in the market already.

Activity will certainly increase on the housing market, but I have a hard time seeing huge price movements.

People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Volatile on the US stock exchange – Nvidia declined
1 MIN READ

Volatile on the US stock exchange – Nvidia declined

Volkswagen issues profit warning
1 MIN READ

Volkswagen issues profit warning

Inflation falls in the USA
1 MIN READ

Inflation falls in the USA

Ireland fines Meta for password security breaches
1 MIN READ

Ireland fines Meta for password security breaches

Oscar Engelbert's company goes bankrupt
1 MIN READ

Oscar Engelbert's company goes bankrupt

Historic Stock Market Week in Asia
1 MIN READ

Historic Stock Market Week in Asia

Inflation slows down in France and Spain
1 MIN READ

Inflation slows down in France and Spain

Northvolt owner: The situation is serious
3 MIN READ

Northvolt owner: The situation is serious

Slightly Down on the Stock Exchange – Boost for Hexagon
1 MIN READ

Slightly Down on the Stock Exchange – Boost for Hexagon

The Northvolt Crisis: Risk of Losing Competence
3 MIN READ

The Northvolt Crisis: Risk of Losing Competence

Your savings rate is back to zero again
2 MIN READ

Your savings rate is back to zero again

Upward trend on the stock market in China following stimuli
1 MIN READ

Upward trend on the stock market in China following stimuli

Broad upswing on the American stock exchange
1 MIN READ

Broad upswing on the American stock exchange

No German Money for Northvolt
1 MIN READ

No German Money for Northvolt

SAS cancels more flights
1 MIN READ

SAS cancels more flights

Car Crisis May Lower Climate Demands in EU
3 MIN READ

Car Crisis May Lower Climate Demands in EU

Five Charged with "System-Endangering" Frauds
1 MIN READ

Five Charged with "System-Endangering" Frauds

The Plant Chain Closes Stores
1 MIN READ

The Plant Chain Closes Stores

County Insurance Lowers Fixed Mortgage Rates
1 MIN READ

County Insurance Lowers Fixed Mortgage Rates

Luxury companies are booming after China's stimulus measures
1 MIN READ

Luxury companies are booming after China's stimulus measures