SEB: Expectations on house prices are rising sharply

SEB’s Boprisindikator rises sharply in August.

The rise is 13 units from the previous month and the indicator is now 26. As the last region has now also Stockholm’s indicator rising above the zero mark, to plus 5. The rest of the regions is in a range between 20 and 31. Households ‘ expectations of the repo rate’s level on a year is at 0.12%, which is unchanged from last month. Also the proportion who plan to bind their variable-rate loans is unchanged from last month and remains at 5 percent.

Of the households responding, 49 percent that they believe in rising prices over the coming year. This is an increase of 7 percentage points from the previous month’s listing. The proportion who believe in falling prices, fell by 6 percentage points from 29 to 23 percent. The proportion who believe in the unchanged prices is 21 percent, a decrease of 1 percentage point. We define SEB’s Boprisindikator as the difference between the proportion who believe in rising prices and the percentage that believe in falling prices. The indicator is set in this measurement is 26, which is 13 points higher than last month.

  • It is becoming increasingly apparent that households ‘ confidence in the housing market is on the way back. The month Boprisindikator at 26 is a sharp increase from the previous month and it has now increased by 39 units since the end of the year. That households believe in rising prices is, in itself, stabilizing of the housing market. At the same time, however, many real estate agents, economists and other analysts are more doubtful ahead of the autumn price, and it may be too early to declare the crisis over. You should therefore remain careful and not build their finances on continued price increases , » says SEB’s privatekonom Jens Magnusson.

Households believe that the repo rate will be 0.12 per cent a year

On the question what households think about the level of the Riksbank’s repo rate on a year they say on average that the repo rate will be 0.12 per cent. It is unchanged from last month.

Five per cent of households were planning to tie the interest rate

Of the households who fully or partially has a variable interest rate on their loan corresponds to 5 per cent that they have no intention of tying the interest rate in the upcoming three-month period. It is the same note as last month. Also the proportion who say that they now have a combination of fixed and variable interest rates on their home loans is unchanged from last month (23 per cent) while the proportion with only variable-rate decreased from 25 to 24 per cent.

Boprisindikatorn is now on the plus in all regions

In Stockholm, steps Boprisindikatorn from minus 6 to plus 5, as measured by the two-month average. It means that Boprisindikatorn now positive in all regions. The greatest rise from the previous month, show the north of sweden with an increase from 11 to 31. The other regions are densely collected in the range 20 to 23. Except in northern sweden and the Stockholm noted gains even in the Country outside Stockholm (+15 to 23), Western Region (+3 to 20) and in the Eastern Region (+10 to 22). Only in Skåne, the indicator is unchanged at 22.

  • Now is Boprisindikatorn also positive in Stockholm. This means that, in all the regions now are more who believe in rising house prices than on falling. But the regional differences are significant and it is still the Locals who are most hesitant about the future price movements. It is reasonable, given the high price levels and of the reports of sluggish sales and possible oversupply in certain segments, » says SEB’s privatekonom Jens Magnusson.

Demoskop carry out monthly since march 2003 on behalf of the SEB survey Boprisindikatorn. This study is based on 1 000 interviews were conducted during the period from 31 July to 7 August.

Boprisindikatorn — Development last 12 months:

For more information please contact

Jens Magnusson, Privatekonom

070-210 22 67

jens.magnusson@seb.se

Press contact

Frank Hojem, Head Of Media Relations

08-763 99 47

frank.hojem@seb.se

 

SEB is a leading nordic financial services group. We strongly believe that entrepreneurial thinking and innovative businesses needed to create a better world, and with a long-term perspective, we support our customers in both prosperity and adversity. In Sweden and in the baltic countries, we offer a wide range of financial services and advice. In Denmark, Finland, Norway and Germany, we are focused on företagsaffären and investment banking based on a full-service oering to corporate and institutional customers. Our international character is reflected in some 20 offices worldwide, with approximately 15 000 employees. 30 June 2018, the group’s balance sheet total to 2,818 billion and assets under management to 1 838 billion. Read more about SEB at https://www.sebgroup.com/sv.

Boprisindikatorn Aug 2018

Boprisindikatorn Aug 2018

Press release (PDF)

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: SEB via Globenewswire

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