For the sixth month in a row, housing prices as a whole are rising.
Adjusted for seasonal effects, there are increases for both the apartment and villa markets.
The housing index from the state-owned bank SBAB and the real estate website Booli shows an increase of 0.2 percent for housing prices in June. This means that the upward trend that began at the turn of the year is holding. Adjusted for seasonal effects, the increase was 0.5 percent according to the index.
"The final assessment of housing prices should be made when the year is over. You can still say that housing prices in June developed slightly stronger than what is normal for this time of year", says the bank's chief economist Robert Boije in a press release.
Gained momentum again
The increase since the turn of the year is now a total of 6.6 percent since the housing market gained momentum again in connection with, among other things, the spring's interest rate cut.
Adjusted for seasonal effects, the increase for apartments is 0.6 percent and for villas 0.3 percent.
"In June, villa prices rose significantly more than what is normal for the time of year, unlike in May. Similarly, on the apartment side, it will now be interesting to follow how a likely pent-up demand for changing housing affects housing prices in relation to the very large villa supply", writes Robert Boije.
The factor that can affect
SBAB's chief economist believes, however, just like before, that future fee increases for housing associations may come to affect apartment prices in the long run:
"Probably, the last two years' interest rate hike has had a greater impact on the villa side than the apartment side, as many associations have not yet raised their monthly fees in line with the interest rate hike. Possibly, this speaks for a relatively stronger price development for villas during the second half of the year", he says.
