Swedish house prices continues to rise - reports

Tuesday, 17 April 2012
Swedish house prices continue to rise according to latest reports, against perception that the house prices would have either remain stagnant and fall.

But the Nasdaq OMX Valueguard-KTH Housing Index (HOX) has continued to rise in March. HOXSWE went up one percent compared to February. This rise has been greatest for the condominiums. HOXFLATSWE rose 1.7 percent last month.

The strong house prices were observed in Gothenburg stronger than in Stockholm and Malmö and condominiums prices are raising more than houses, new figures from Value Gard show.

"Several of the sub-indices are now near their highest levels ever. Index of houses (non condo) has not been moving as much, "writes Value Gard in a statement.

In March, the Swedish house prices rose by an average of 1.1 percent, according to Value Gard overall house prices index HOX Sweden. Housing prices increased on average 1.7 percent, while house (non condo) prices rose 0.8 percent.

In Stockholm, housing prices rose by 1.8 percent, in Gothenburg and Malmö by 2.1 and 1.7 percent respectively compared to the previous month. In the medium-sized municipalities outside metropolitan areas, house prices have risen by an average of 1.5 percent, according to Value Gard.
By Scancomark.se Team

What do you think about this article and us? Please leave a comment!