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.