Swedish Housing Market Extends Rebound in Realtor Data
- Value of flats rose for third month in April: Maklarstatistik
- Households still expect further declines, SEB survey shows
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Sweden’s battered housing market is coping better with the rising borrowing costs than shown by data from the central bank and the statistics office, according to a realtor lobby.
Data from Svensk Maklarstatistik, owned by a business organization for real estate brokers, showed a 1% increase in the average price of Swedish apartments in April, while prices for detached houses were unchanged. That marks a third consecutive month of stable or rising prices in both categories, following a long rout that made the Nordic country’s housing market emblematic of a global trend brought on by soaring rate of inflation and central bank tightening.