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February 14, 2012
Swedes predict property price increase
Published: 7 Sep 09 11:16 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/21926/20090907/
The number of Swedish households expecting housing prices to increase in the next year has grown to 53 percent, compared to 41 percent a month ago, according to SEB bank's latest property price indicators.
- Negative interest rate to boost growth: Riksbank (3 Sep 09)
- Interest rates to stay low until autumn 2010 (3 Sep 09)
- Swedish property market at ten-year low (12 Aug 09)
“Extremely low interest rates, increasing stock prices and a somewhat more favourable economic outlook have led households to be more positive vis-a-vis the housing market,” SEB economist Gunilla Nyström said in a statement.
The study also revealed that very few households are planning on securing a fixed interest rate on their mortgages in the next several months.
“Households do not expect the Riksbank to maintain the 0.25 percent interest rate for another year, although they still anticipate a rate of less than one percent. That's a reasonable explanation as to why so few are considering a fixed rate,” Nyström said.
The housing price indicators are based on 1,000 interviews conducted between August 26th and September 2nd.
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Highlights
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Swedish word of the day
fin
adjective
Fin means anyhting from sweet to proper. When someone says, Du är så fin it's quite a compliment.
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