After a sharp rise in prices during the pandemic years 2020–2021, the housing site Hemnet now notes a drop of just over 18 percent for holiday homes in seven Swedish mountain areas. In the past six months, the average mountain cabin has cost SEK 3.1 million, which can be compared with SEK 3.8 million during the corresponding period a year ago.
A highly anticipated development, according to Erik Holmberg, market analyst at Hemnet.
– Yes, I would say that, against the background of how the housing market has generally developed and how interest rates have developed over the past year.
A pandemic effect
The fact that the interest rate has gone up and that the purchasing power of households is also eroded by inflation and sky-high electricity prices is the main explanation for the price drop. But Erik Holmberg also sees a pandemic effect:
– During the pandemic years, the holiday home market was incredibly strong and demand increased sharply. Then people went back to work and it became more difficult to work from home. At the same time, it became easier to travel abroad again and then demand returned to normal levels.
Now it takes longer to sell mountain cabins and thus the supply also increases. In the seven areas Hemnet took a closer look at, there were 206 holiday homes for sale on the site during week seven of this year. A year ago it was only 98.
Funäsfjällen: SEK 5.0 million
Hemavan-Tärnaby: SEK 2.68 million, an increase of 3.6 percent
Idre: SEK 1.9 million, a decrease of 43 percent
Lofsdalen: SEK 3.23 million
Sälenfjällen: SEK 3.24 million, a decrease of 26 percent
Vemdalen: SEK 4.0 million, a decrease of 3.2 percent
Åre municipality: SEK 3.12 million, a decrease of 40 percent
Increase/decrease is not indicated in the areas where the number of sales was less than 30.
Source: Hemnet