Prices in the housing market continue to fall throughout the country. The loss is greatest in Stockholm and in central Sweden. Not since the financial crisis in 2008 has the price drop for villas been so great.
– An overall drop of 20 percent cannot be ruled out, says SBAB’s chief economist Robert Boije.
In Stockholm, prices for both apartments and villas have fallen 12 percent, compared to the top listing last year.
The explanation – the rise in interest rates
Villa prices fell in all regions in July compared to the previous month, most notably in central Sweden where prices fell by 6.6 percent, followed by the northern parts of the country where prices fell by over 5 percent. In the Malmö region, prices for villas fell by just over 4 percent.
The main explanation is the rise in interest rates, and you have to be prepared for prices to drop further, says Robert Boije.
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