MAP: Where have house prices in Sweden fallen the most?
House prices in Sweden fell still further in July with the price of an apartment in Greater Stockholm now 12 percent down on last year's peak. Here's a map showing where prices have fallen the most.
According to Robert Boije, the chief economist at Sweden's state-owned mortgage provider SBAB, the prices of houses and flats in Sweden could decline as much as 20 percent from their peak in the second half of 2021 before bottoming out.
"An overall fall of 20 percent can absolutely not be ruled out," he said in a press release. "But I don't think we're talking about a crisis like we had in the 1990s, but it's clear that for individual households it could be pretty dramatic, however, with a fall of ten percent, if, for instance, you get divorced and need to sell your property."
The price of apartments has so far fallen slightly more than that of houses, with house prices only falling 11.4 percent in Greater Stockholm.
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Over the last three months, the greatest falls have been in Greater Stockholm (Storstockholm), both for apartments (lägenheter) and for detached houses (villor).
Of Sweden's three biggest cities, prices have declined the least in the southern city of Malmö.
See the chart below:
Here is a chart of the price development over the last three months. Photo: TT/SBAB/Booli
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According to Robert Boije, the chief economist at Sweden's state-owned mortgage provider SBAB, the prices of houses and flats in Sweden could decline as much as 20 percent from their peak in the second half of 2021 before bottoming out.
"An overall fall of 20 percent can absolutely not be ruled out," he said in a press release. "But I don't think we're talking about a crisis like we had in the 1990s, but it's clear that for individual households it could be pretty dramatic, however, with a fall of ten percent, if, for instance, you get divorced and need to sell your property."
The price of apartments has so far fallen slightly more than that of houses, with house prices only falling 11.4 percent in Greater Stockholm.
'
Over the last three months, the greatest falls have been in Greater Stockholm (Storstockholm), both for apartments (lägenheter) and for detached houses (villor).
Of Sweden's three biggest cities, prices have declined the least in the southern city of Malmö.
See the chart below:
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