More and more households predict a future with higher house prices, SEB’s latest house price indicator shows.
The proportion expecting a price rise is 39 percent, an increase of 1 percentage point compared to the month before.
“The housing market seems to be almost immune to spring interest rate increases. Both actual housing prices and household expectations are moving, albeit cautiously, in an upward direction,” says Américo Fernández, private economist at SEB in a press release.
Households also believe that the key interest rate will be raised from its current level and land at 3.85 percent in a year’s time. The expected increase is an increase of 0.09 percentage points compared to how it looked the previous month.
All regions in the country
The housing price indicator is the difference between the proportion who believe in rising prices and the proportion who believe in falling prices.
This month, the indicator is at plus 14, an increase of 3 units compared to June, and the price increase is predicted by all regions of the country.
SEB’s housing price indicator is carried out by Demoskop and is based on web interviews with approximately 1,000 people.