Swedish property market set to rebound

Country:  Sweden

17 March 2008

Swedish property prices are expected to appreciate over the coming months, following several months of declining prices.

“The trend of falling real estate prices shows signs of being broken for both apartments and houses,” said Peeter Pütsep, CEO of estate agency Svensk Fastighetsförmedling.

In spite of the fact that Swedish property prices have dipped over the past quarter, Sweden’s housing market has been relatively robust over the past year. Average house prices have risen by around 9% and apartment prices by 11%.

Pütsep added: “I predict an easy upward trend, perhaps between 5 and 8%, assuming nothing unexpected happens.”