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Property prices in Sweden fall 'more than normal for July'

Residential property prices fell by 0.7 percent in Sweden in July, according to new statistics from the state-owned mortgage lender SBAB. Although residential prices normally dip in June, July and August, this month's fall was "by quite a lot more than normal," Robert Boije, SBAB's chief economist, told the TT newswire Advertisement According to the SBAB Booli Housing Price Index, apartment prices were down 2.6 percent across Sweden compared to June, with the highest falls in Greater Gothenburg (4 percent) and Greater Stockholm (3.4 percent). Prices for detached houses rose 0.2 percent across Sweden, but were down 2.6 percent in Greater Stockholm and 0.7 percent in Central Sweden. The only region where apartment prices rose was in Northern Sweden, which saw a rise of 2.3 percent. "The trend suggests that even if you take away the seasonal effect, we are seeing falling apartment prices, while for houses, prices are more or less flat," Robert Boije, SBAB's chief economist, said in a press release. He said apartment prices over the whole of 2025 were now on track to fall by around 3 percent, while the price of detached houses is expected to remain stagnant. "If this happens, it will be a remarkable development given that mortgage interest rates have fallen sharply and households' real incomes and purchasing power are rising significantly." He said the drop in apartment prices probably reflected recent rises in the monthly fee or 'avgift' levied by many housing cooperatives, rises which have lagged the underlying rise in interest rates. "It is probably the gradually increased monthly fees – and perhaps expectations of future increased fees – in cooperative housing associations that we are now seeing reflected in both fewer apartments sold and lower apartment prices." Advertisement