Housing prices heading back up
David Landes · 12 Mar 2008, 11:23
Published: 12 Mar 2008 11:23 GMT+01:00
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“The trend of falling real estate prices shows signs of being broken for both apartments and houses,” said Peeter Pütsep, CEO of real estate agent network Svensk Fastighetsförmedling, in a statement.
Fresh figures from Mäklarstatistik, which compiles statistics on behalf of the real estate industry, show that values of both houses and apartments have trended downward over the past three months.
The past three months stand in contrast to a relatively robust past twelve months for a housing market which saw house prices rise by an average of 9 percent and apartment prices by 11 percent across the country.
While the downward trend in prices appears to have been broken, Pütsep is cautious about just how much prices may ries in the months ahead.
“I predict an easy upward trend, perhaps between 5 and 8 percent, assuming nothing unexpected happens,” said Pütsep to news agency TT.