Market Quotes Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.
Swedish house prices remain stable across the country
Tuesday, 15 May 2012
The Swedish house prices remain stable and it looks like the housing
market is clam despite gloomy economic outlook. Villa prices went up by
over one percent in April, while condominium prices remained stable,
according to Value Gard, a real-estate organisation.
recovered at the beginning of the year and now almost all of last
year's declines have been regained. In April, the Swedish house prises
rose with an average of 1.1 percent, according to Value Gard’s overall
house price index HOX Sweden. Villa prices increased by 1.4 percent,
whereas house prices basically remained unchanged at 0.3 percent.
In three months, both villa and house prices have risen by over 3
percent. Villa prices are now two percent higher than they were a year
ago, while ordinary house prices are 1.5 percent lower, according to
Value Gard figures differ somewhat from Statistic Sweden’s house
barometer that was presented last week and indicated declining house
prices overall. A key reason for the difference, except that the
measurement methods are different, is that Statistic Sweden’s numbers
lag behind about two months (sometimes even more).
In Stockholm and Malmö, villa prices rose in April, while in principle
they stood still in Gothenburg. In Malmö, prices rose by 5.8 percent
over the past three months. All major cities have lower prices for
ordinary houses today than a year ago, according to Value Gard.
Condominium prices remained stable in Stockholm in April, while they
rose by about 1 percent in Malmo and Gothenburg. In Gothenburg, prices
rose by 4.4 percent in the last three months, according to Value Gard.
By Scancomark.se Team
What do you think about this article and us? Please leave a comment!