Valueguard has looked at the price development for housing in Stockholm, Gothenburg and Malmö.

Looking at the housing market as a whole, the figures show a decline for condominiums by 1.1 percent.

For villas, the reduction is somewhat greater, in November prices fell by 1.6 percent.

But there are big regional differences.

Housing rights in Stockholm fell 0.4 percent in November, compared to 2.2 percent in Gothenburg.

- We notice that the worst concerns have subsided in many places - most clearly in central Stockholm, which is now breaking the trend after a period of sharply falling prices.

However, it is still difficult for the sellers to get used to the reduced value of the home.

This means that sales drag on and that the supply of homes for sale remains at high levels, says Marcus Svanberg, CEO of Länsförsäkringar real estate agency, in a comment.

Electricity prices have an impact

When Valueguard has looked at the cost of villas, they have seen the biggest price drop in Malmö, with a 4 percent drop in November alone.

Looking over the past three months, house prices have fallen by 9.8 percent.

- Right now, it is above all the housing market that is driving the price declines, as a result of concerns about winter's high electricity costs.

Villa prices in Malmö stand out, which can be explained by the fact that it is also where electricity prices are the highest, says Andreas Moritz, CEO of Skandiamäklarna.

"More stable in 2023"

November and December are normally months with relatively few housing deals and the figures therefore need to be seen from that perspective, says Erik Wikander, Swedish real estate agency's vice president.

- We will see increased activity on the housing market but with stable, not increasing prices a bit into 2023, he says.

Javascript is disabled

Javascript must be enabled to play video

Read more about browser support

Hear bank manager Björn Ovander tell more in the clip.

Photo: Fredrik Sandberg/TT/SVT