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'Astounding' rise in property prices in Stockholm

TT/The Local
TT/The Local - [email protected]
'Astounding' rise in property prices in Stockholm
Photo: Jessica Gow/Scanpix/TT

Apartment prices in housing associations (bostadsrätter) in Stockholm went up 0.5 percent in April compared with March, according to a property price indicator by Danske Bank.

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“We are astounded at Stockholm’s housing association prices which showed a small but significant rise in April,” the bank’s chief economist, Michael Grahn, said in a comment. 

Danske Bank had counted on prices falling 25 percent from the peak last spring, but they are so far only down 12 percent, showing, the bank said, “an unbelievable resilience”. 

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It warns however that the worst may be yet to come. According to Danske Bank's predictions, property prices still have a way to fall. It did write, however, that "it may not be as bad as we first feared".

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