Swedes Signal Property Market Rout Is Heading for Recovery
- Key indicator from SEB turns positive for first time in a year
- Worst over for interest rates seen as boost for confidence
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Swedish households are becoming more optimistic about the development in the housing market, according to a survey from the country’s largest bank.
SEB AB’s Housing Price Indicator jumped 18 points to 11 in June, indicating that more respondents now believe in rising than falling home prices for the first time in a year. The result adds to the picture of an increasingly brighter mood in a housing market that’s been crippled by high inflation and rising borrowing costs.