Swedes forecast falling house prices

The number of Swedish households expecting property prices to fall has increased after a recent decline, a new survey shows.

Every third Swede in the survey, banking concern SEB’s house price indicator, expects prices to tumble in the coming year.

The indicator shows that 36 percent expect price falls, up from 33 percent a month ago. In December the figure was however 73 percent.

The number of households that expect prices to climb has fallen to 29 percent, from 31 percent a month ago.

29 percent of households expect prices to remain constant over the year ahead.

The survey by Demoskop for SEB was conducted between March 25th – April 2nd and interviewed 1,002 people.