Corona effect over - now house prices are rising

As late as May, SVT reported falling housing prices in the wake of the corona crisis. Although the experts did not agree that it was possible to deduce the market's development into the pandemic, prices for private housing had gone down for a period in Stockholm, Gothenburg and Malmö.

But since then it has turned.

Figures from Swedish Real Estate Statistics show that house prices continued to rise in June, at the same time as the prices of condominiums have been more or less unchanged for the whole country. 

Prices for villas throughout the country rose in June by 2 percent and in metropolitan areas by 1 percent. The average price of a villa in Sweden is now SEK 3.4 million.

The highest prices can be found in Stockholm County where the average price is SEK 6.1 million, while most villas are sold in Västra Götaland County where the average price is just above the average price in the state, according to Swedish Real Estate Statistics.

Price trends for tenant-owned apartments looked different in the various metropolitan areas in June.

Prices in the Stockholm area fell by one percent. They increased in the Gothenburg area by one percent and were unchanged in the Malmö area.

Not only did the prices fall in May, but also the number of condominiums and villas sold. That trend also reversed in June.

Compared to last year, sales of villas increased by 3 percent, while the number of condominiums increased by 14 percent and reached a record level of over 10,000 sold, despite the corona pandemic.