Sweden’s home prices dropped 1.4% month-on-month in December 2022, the same as in November and marking its ninth consecutive month of downturn in house prices, as soaring inflation and higher borrowing costs weighed on demand. The largest decrease for single family homes was seen in Stockholm (-2%), followed by Malmo (-1%) and Gothenburg (-0.4%), and that of apartments was also down in Malmo (-0.8%), Gothenburg (-0.6%) and Stockholm (-0.3%). The Sveriges Riksbank raised its repo rate by 75 bps to 2.5% during its November meeting, pushing borrowing costs to its highest in 14 years, while the country’s annual inflation accelerated to 12.3% in December, the largest increase in consumer prices since 1991. source: Valueguard

House Price Index MoM in Sweden averaged 0.45 percent from 2005 until 2022, reaching an all time high of 5.60 percent in January of 2014 and a record low of -5.80 percent in October of 2008. This page includes a chart with historical data for Sweden House Price Index MoM. Sweden House Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

House Price Index MoM in Sweden is expected to be -2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Sweden House Price Index MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-12-21 05:00 AM Nov -1.4% -3.0% -2.4%
2023-01-26 05:00 AM Dec -1.4% -1.4% -1.8%
2023-02-21 05:00 AM Jan -1.4%

Sweden House Price Index MoM
Nasdaq OMX Valueguard-KTH Housing Index HOX® is based on data from, among others, Swedish Mäklarstatistik AB, which compiles data from the Swedish real estate agents. The index gives a very adequate picture of price trends.
Actual Previous Highest Lowest Dates Unit Frequency
-1.40 -1.40 5.60 -5.80 2005 - 2022 percent Monthly
NSA

News Stream
Swedish Home Prices Drop for 9th Month
Sweden’s home prices dropped 1.4% month-on-month in December 2022, the same as in November and marking its ninth consecutive month of downturn in house prices, as soaring inflation and higher borrowing costs weighed on demand. The largest decrease for single family homes was seen in Stockholm (-2%), followed by Malmo (-1%) and Gothenburg (-0.4%), and that of apartments was also down in Malmo (-0.8%), Gothenburg (-0.6%) and Stockholm (-0.3%). The Sveriges Riksbank raised its repo rate by 75 bps to 2.5% during its November meeting, pushing borrowing costs to its highest in 14 years, while the country’s annual inflation accelerated to 12.3% in December, the largest increase in consumer prices since 1991.
2023-01-26
Swedish Home Prices Drop at Softer Pace
Sweden's home prices fell 1.4 percent from a month earlier in November 2022, following a 3.0 percent drop in October. It was the eighth straight month of downturn in house prices, amid the country's most severe housing slump in three decades, as soaring inflation and higher borrowing costs hit demand. The biggest fall was recorded for detached houses. The price of single family homes was down in Stockholm (-1.0 percent), Gothenburg (-1.7 percent) and Malmö (-4.0 percent), and that of apartments was also down in Stockholm (-0.4 percent), Gothenburg (-2.2 percent) and Malmö (-1.8 percent). The Sveriges Riksbank raised its repo rate by 75 bps to 2.5 percent during its November meeting, bringing borrowing costs to the highest level since December 2008, amid soaring inflation. Meanwhile, the annual inflation accelerated to 11.5% in November, the highest since February 1991.
2022-12-21
Swedish Home Prices Fall for 7th Month
Sweden's home prices dropped 3.0 percent from a month earlier in October 2022, accelerating from a 2.8 percent decline in September. It was the seventh consecutive month of downturn in house prices, amid the country's most severe housing slump in three decades, as soaring inflation and higher borrowing costs hit demand. The biggest drop was reported for detached houses, which are particularly vulnerable as electricity prices soar. The price of single family homes was down in Stockholm (-3.0 percent), Gothenburg (-4.6 percent) and Malmö (-2.5 percent), and that of apartments was also down in Stockholm (-1.7 percent), Gothenburg (-2.4 percent) and Malmö (-3.2 percent). The latest data comes as the Riksbank prepares to tighten monetary policy further in the coming months, although the continued rapid declines in home prices should be a cause for concern and could cause the central bank to move slower next year.
2022-11-21