In May, Swedish property prices experienced a slight increase, with apartments up by 0.1% and detached houses rising by 0.5% according to Svensk Maklarstatistik data. The sales of detached houses increased by 5% year-on-year, totaling about 6,300 sold. Regional differences were evident, with varying prices in greater Stockholm, Gothenburg, and Malmo. Despite these increases, market uncertainty persists due to geopolitical instability and an ample property supply. Factors that could drive future price increases include the upcoming Riksbank announcements on economic measures.
Oskar Oholm, CEO of Svensk Maklarstatistik, explained that the modest price increases in May are driven by buyer psychology amid geopolitical instability and high supply.
In May, apartment prices rose by only 0.1%, while detached houses saw a slightly larger increase of 0.5%, signaling a cautious upturn in the housing market.
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