Housing prices continue to rise – for the second month in a row, according to fresh figures from SBAB and Booli, which were presented on Thursday.
And if January’s customer numbers are explained as a “seasonal effect”, February’s numbers were all the more surprising.
– Yes, it’s actually a little surprising considering the big rise in interest rates we’ve had and that the Riksbank has also announced more interest rate hikes this spring, says Robert Boije, chief economist at SBAB.
That’s how much the prices rose
House prices increased by an average of 1.8 percent compared to the previous month. The biggest increase was in villas in the Stockholm area, which saw an increase of a whopping 3.6 percent. Apartments in metropolitan areas also performed strongly.
– I don’t think we have reached the bottom. If we think that the rise in interest rates will continue in the spring, as many assessors do anyway, well then housing prices will have to go up a bit more. I think it’s a little too early to say hello yet, says Robert Boije.
The chief economist’s theory: That’s why prices may have gone up – watch the full interview in the player above.