Vaya, hace dos semanas la patronal tokenista rebuscaba y daba vueltas a las estadísticas para encontrar un rayo de luz. Solo pudieron encontrar que los pisos en el centro de estocolmo duraban un día menos en el mercado que hace un año. Porque otros indicadores no. Ahora empiezan a contar otra peli
Realtor: It's a buyer's market again
The housing market's price rally has taken a pause, according to two new bank reports. Some brokers are talking about a "buyer's market," while others fear that down payments have gone up in smoke on the stock market.
New statistics on the housing market show that the rising price trend has been broken. It is mainly in the inner city of Stockholm that SBAB saw a continued fairly strong market in March.
Outside the country, real estate agents say that sales are slow.
“It has become a buyer's market again,” says Andreas Wallmark, senior broker with central Gothenburg as his area at HusmanHagberg.
His view of the market situation is shared by other brokers: 2025 started off quite strong, but lately the mood has deteriorated again.
– At the beginning of the year, interest rates were on the decline. Here in central Gothenburg we had bidding and we even sold before the viewing. Many people thought it would continue that way, because spring is usually good. But now we notice that people are not as eager anymore, says Andreas Wallmark.
For the country as a whole, all housing types combined, SBAB's figures for March show a price increase of 0.6 percent. However, when SBAB adjusts for seasonal effects, it turns out that March had negative price pressure, -0.4 percent.
– We hear that people have found it more difficult to sell their villas again. They are not getting the price they expect. It is becoming a stumbling block in the moving chains and it is also more difficult to sell apartments in the city, says Andreas Wallmark.
However, up until March, residential property prices in Gothenburg had increased the most in the country, 6 percent since the turn of the year – but now it is slowing down.
According to Robert Boije, chief economist at SBAB, sellers cannot expect any spring rush this time. Even before this week's major stock market turmoil, there were other new signs that the "temperature" in the housing market is falling.
On April 4, SBAB announced that the proportion of price-reduced homes has increased during March, that the strength of bidding is declining and that more advertisements need to be republished.
An example comes from Länsförsäkringar real estate agency in Upplands Väsby, one of the outer suburbs of Stockholm with many ordinary single-family homes. There, franchisee Teresa Klint describes that “the supply is quite large” and that it will therefore be a more “protracted process” to sell.
– We had expectations of a more positive spring for the housing market, but it hasn't really turned out that way, says Teresa Klint.
Tougher even in the city of Stockholm
At the turn of the month, Danske Bank also released a status report on the housing market. The bank's so-called "Housing Price Indicator" shows the price trend for completed transactions on tenant-owned apartments within the city of Stockholm.
Seasonally adjusted, Danske Bank shows that condominium prices fell by 0.6 percent in March.
According to Susanne Spector, chief economist at Danske Bank, the explanation is that households have recently become more cautious.
Real estate agent Pia-Lotta Svensson at Fastighetsbyrån on Södermalm also confirms that there is a noticeable shift towards caution. The inner city is often an exception that in tough times can do better than other parts of Stockholm and the rest of the country.
Pia-Lotta Svensson.
Pia-Lotta Svensson. Photo: Johan Andersson
– But for the past two to three weeks, people have been more thoughtful. They are worried about the world situation and have become cautious. Attractive properties can still have fantastic bids, but at the same time we cannot rule out that entire down payments have disappeared on the stock exchange, says Pia-Lotta Svensson.
But her "scouting" is that buyers of small apartments this time may be less sensitive than buyers of large apartments.
“Many people who buy small apartments borrow for most of their expenses, and then the stock market plays less of a role, while those who buy large apartments may have lost capital,” she reasons.
Previous forecast may be revised
According to SBAB's chief economist Robert Boije, the situation has changed so much in recent weeks that previous bank forecasts about the housing market may need to be revised. SBAB had expected housing prices to be nearly 6 percent higher during the full year of 2025. Usually, the first half of the year is crucial for a strong price trend for the full year, as the autumns tend to have weak price trends.
– Overall, housing prices have risen by 2.9 percent so far this year. But if the weak trend continues, a downward revision of our annual forecast is needed, says Robert Boije.
Compared to when housing prices were at record levels three years ago, condominiums still have 2 percentage points to catch up. Small houses, which have had worse price developments, still have 12 percentage points to go to the peak levels that prevailed in the spring of 2022.
