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House prices in Sweden really falling now


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Tuesday, 16 August 2011
Swedish housing sector that has been heating really hot in the past two years is now cooling down for real.
House prices in Sweden fell by 4 percent during the past three months, new figures from the Swedish real estate brokers’ statistics show.
In July compared to June of this year, condo prices have fallen by 6 percent and houses (detached and semi detached) prices by 2 percent.
In metropolitan areas, prices have risen over the past month, but declined in the last three.

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“The special summer month in the Swedish housing market is July which is always tough. Activities go down and the really expensive homes for sale will be fewer,” says Claudia W�rmann, analyst association of Real Estate Agents.

There is an explanation that prices go down sharply in the country sides and up in the big cities. But there are several basic factors affecting today's housing market.

“There is an economic concern in our world while during July there was the unusually high number of homes for sale for the season. How these factors will affect the market going forward in the autumn in the current situation is very uncertain,” says Claudia W�rmann.
By Scancomark.se Team


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