During the first six months of the year, there have been small but clear price increases on housing. This is also expected in the autumn, according to Hans Flink.
The likely scenario is that we will have a continued stable small price increase. You can expect that there will be months where prices stand completely still. It's not unusual to see price increases in steps.
The Swedish Central Bank has signaled that there may be three more interest rate cuts this year.
If that doesn't happen, it will be a cold shower for many, says Flink.
A missed interest rate cut seems unrealistic to Flink, but three cuts could become two. However, it won't dramatically affect prices, he believes.
Since last year, housing sales have taken off.
What's most notable and probably also sustainable is that the number of sold housing units has increased significantly since last year's low level. We're back to a more normal, perhaps healthy, level when it comes to the number of sold housing units.
Pent-up Demand
In the spring, there has been a large supply of housing, and it's expected to continue. Changes in family, job, or education situations make many people enter the housing market.
At the same time, there's a large pent-up need to move. Those who didn't move last year, their need is still there. For some reason, they didn't make a move, they were uncertain about inflation, about interest rates. Now they know much more and maybe make a move, says Flink.
The housing market's supply should be seen in two parts, according to Erik Wikander, vice CEO of Svensk Fastighetsförmedling. What's come out this year and is priced according to the current market situation, and the older supply from previous years' record levels.
What's being put on the market now has a fairly high normality, and we see that the average sales times have decreased quite significantly during the first half of the year, he says.
The Supply is Growing
The reason why housing units haven't been sold may partly be due to too high price expectations, and partly that sellers haven't been active to get their sale through.
Johan Nordenfelt, information manager at Erik Olsson Fastighetsförmedling, believes that the supply after the summer will be large.
Initially, the supply will grow much more than demand.
Nordenfelt emphasizes that housing prices are already high, both historically and in terms of living costs. There won't be particularly large price increases going forward, he believes.
