Swedes expect falling real estate prices

A majority of Swedes believe that real estate prices are set to fall or remain static, according to a real estate price index report by the Skandinaviska Enskilda Bank (SEB).

Only 32 percent of households believe that real estate prices will rise in the next year, compared to 36 percent last month.

At the same time, SEB’s index shows that households are counting on the Swedish Central Bank’s interest rate staying at 4.9 percent for the next year year, a little higher than the last index report by SEB.

Today’s interest rate is at 4.5 percent. SEB’s index report is based on 1,000 interviews.