- Now we can have a shift in the underlying factors that could affect housing prices downwards, potentially quite sharply downwards, says CEO Erik Thedéen.
Higher energy prices, higher food prices and rising inflation.
These are factors that Finansinspektionen highlights in its survey of Swedish mortgages.
At the same time, interest rates are on the rise, which together may mean a breach of the long-term rise in prices in the housing market, according to FI, which, however, does not see a decline in itself as something negative.
- The best thing in this situation would be if we got a certain dampening of prices, says Erik Thedéen at a press conference.
"Debt ratios rise"
To facilitate the situation for mortgage borrowers, FI wants to review increased opportunities to terminate their mortgages prematurely.
According to the survey, new mortgage borrowers took out 12 per cent larger loans last year compared with 2020. The average gross debt ratio for new mortgage borrowers rose from 307 to 327 per cent, which is the highest level since the survey began.
- We see a development where debt ratios are rising at an increasing rate despite dampening measures, says CEO Erik Thedéen.