What do the Swedish people think of their house prices development

Monday, 09 July 2012
Swedish households anticipate a slightly stronger growth of house prices in July compared to what they did last month. This is just a view based on a new survey but many of such surveys have led no where given that house prices continue to either stagnate of fall slightly.

The bank, SEB in its periodic house indicator, (boprisindikator) published on Monday show that the difference between the percentage of households who believe in rising prices and the percentage who believe in falling prices, rose to +14 in July from +13 last month.

Of those surveyed 41 percent believe on rising prices, compared with 38 percent last month, while 27 percent believe in falling prices, compared to 25 percent the previous month.

"Households expect low and stable interest rates in the coming year. While the stock market has fared better and the drama has been somewhat less about Greece and the euro crisis in the most recent period. All of these factors are likely behind the household being cautiously optimistic in view of the housing market going forward, "says SEB 's private finance economist, Gunilla Nyström in a statement.

Of the households that have fully or partially floating interest rate on their loan account six percent said they intend to fix the interest rate over the next three months, unchanged from last month.

The survey also shows that households believe that the repo rate within one year will be at 1.62 percent, compared with 1.63 percent the previous month.

The survey was conducted during the period June 26 to July 4.
by Scancomark.se Team

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