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Households forecast real estate price hike

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Households forecast real estate price hike
Photo: Bo Lind, Visit Sweden, www.imagebank.sweden.se
12:23 CET+01:00
A growing number of households anticipate housing prices to rise over the coming year, a new study by SEB bank has shown.

In a survey of 1,000 households, 38 percent said they expected prices to increase over the next twelve months, compared to 32 percent in February.

The number of people who believed that prices would drop has fallen from 37 to 30 percent since last month.

Only four percent of households paying variable interest rates on part or all of their mortgage said they planned to switch to a fixed rate during the next three months. This was the lowest level since the bank began tracking this measure five years ago.

A majority of households believed that the Swedish central bank, the Riksbank, would raise interest rates from 4.25 percent to around 4.5 percent over the next year.

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