Swedish property prices continue downward trend
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Property prices fell by 0.9 percent nationally last month, according to an index put together by SBAB and property site Booli.
Prices do tend to fall in June but even with seasonal effects removed they saw a drop of 0.2 percent, which is a bit more than usual, Boije said, adding that this reflects a general trend for the year so far.
"We've seen a negative trend all spring, and that's despite the fact that we have significantly lower interest rates than we did at this point last year," he told the TT newswire.
Boije believes that external factors, such as US President Donald Trump's trade tariffs and geopolitical instability in the Middle East, are two possible reasons behind things slowing down on the housing market.
"In that kind of situation you become more cautious about making these kinds of large decisions and how much you're willing to pay," he said.
That could also be one of the reasons the market for detached houses (villor) has seen the largest drop, with a 3.2 percent decrease in the Stockholm region in particular.
"We know prises for villor are highest in Stockholm and maybe concern about global issues is affecting things to a greater extent in areas where prices are highest," he said.
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SBAB predicted that property prices would rise by 3 percent this year in its latest market forecast. Boije does not agree, however, with the theory that prices have reached their lowest point, citing seasonal factors and the fact that longer fixed-term mortgage rates have not yet dropped.
"Those are the key things that are important for property prices," he said. "Instead, I'd say we might have to revise our property price forecast downwards for this year," he told TT.
Boije added that further interest rate cuts, among other things, could get property prices to rise again.
"Say that Trump stops all this stuff with tariffs and we get a calmer global situation, those could also be positive factors," he added.
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Local Sweden
2 days ago
- Local Sweden
Swedish property prices continue downward trend
Swedish property prices continued to fall in June, and it looks like they'll keep falling, according to SBAB chief economist Robert Boije. Advertisement Property prices fell by 0.9 percent nationally last month, according to an index put together by SBAB and property site Booli. Prices do tend to fall in June but even with seasonal effects removed they saw a drop of 0.2 percent, which is a bit more than usual, Boije said, adding that this reflects a general trend for the year so far. "We've seen a negative trend all spring, and that's despite the fact that we have significantly lower interest rates than we did at this point last year," he told the TT newswire. Boije believes that external factors, such as US President Donald Trump's trade tariffs and geopolitical instability in the Middle East, are two possible reasons behind things slowing down on the housing market. "In that kind of situation you become more cautious about making these kinds of large decisions and how much you're willing to pay," he said. That could also be one of the reasons the market for detached houses (villor) has seen the largest drop, with a 3.2 percent decrease in the Stockholm region in particular. "We know prises for villor are highest in Stockholm and maybe concern about global issues is affecting things to a greater extent in areas where prices are highest," he said. Advertisement SBAB predicted that property prices would rise by 3 percent this year in its latest market forecast. Boije does not agree, however, with the theory that prices have reached their lowest point, citing seasonal factors and the fact that longer fixed-term mortgage rates have not yet dropped. "Those are the key things that are important for property prices," he said. "Instead, I'd say we might have to revise our property price forecast downwards for this year," he told TT. Boije added that further interest rate cuts, among other things, could get property prices to rise again. "Say that Trump stops all this stuff with tariffs and we get a calmer global situation, those could also be positive factors," he added.
Local Sweden
6 days ago
- Local Sweden
Swedish Migration Minister: 'Sweden can't wait for international talent'
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Digital passport controls for workers and students Another measure which is already in force is the Migration Agency's digital ID checks for people from certain countries, which allows applicants to show ID using the digital ID app Freja instead of having to travel with their passport in person to a Swedish embassy. 'This means simplified processing, and according to the Migration Agency has saved trips equivalent to 86 journeys around the world.' Make it easier for researchers and doctoral students Researchers and doctoral students have been adversely affected by Swedish migration policy in recent years, with the SULF university union recently criticising the Migration Agency for "false advertising and mixed messaging about migration policy", accusing it of misleading applicants about their immigration prospects. In the opinion piece, Forssell and the business council write that the government is 'preparing proposals that, among other things, involve improved opportunities to apply for a permanent residence permit and extended permit periods to seek employment after completing doctoral-level research or studies". Advertisement Set a common national direction As part of Sweden's plans to better position itself to foreign immigrants, the authors of the opinion piece argue that Sweden needs a 'common direction', which it suggests should be titled 'Work in Sweden'. They add that the government has already started working on this 'long-term cross-agency' initiative, which is designed to ensure more coordination between different government agencies. Sweden's brand Forssell and the business council also call for more marketing of 'brand Sweden', which among other things includes a government order to the Swedish Institute to develop a strategy for a 'stronger and more positive image of Sweden,' focusing on innovation and quality of life. Partnerships with business sector Finally, the last measure listed in the opinion piece is increased partnerships with the business sector, with the authors writing that 'business and politics need to have a close dialogue.' As part of this, they state that the government will hold 'regular advisory talent forums' with relevant groups in order to make sure that reforms meet the needs of Swedish companies. What do you think? Do you agree with Forssell's nine measures or is there anything else you would add? Let us know in the comments (please note that the iOS app is currently experiencing tech glitches which cause some comments to disappear – we're working on fixing this and in the meantime comments should all be visible on desktop computers and the Android app).
Local Sweden
19-06-2025
- Local Sweden
All Swedish parties back 300 billion kronor boost to defence spending
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