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Swedish house prices starts moving in the upward direction again

Tuesday, 14 February 2012
It looks like Swedish house prices have started rising again after events of last year looking like passing over the Swedish economic sphere.

It was reported before January that the Swedish house prices were looking down to the elation of some who thought that the Swedish house prices where sensibly over valued. But the fall does not been to have hit the proper level and it has started rising again.
In January, it was reported with figures from Swedish real estate organisation Value Gard showed a change to trend. It showed that prices rose in Swedish real estate sector by an average of 4.8 percent, according to Value Gard overall house price index HOX Sweden. Sweden Index now stands at 146

"It is 5 percent below their peak in March last year. Index of villas and condominiums are going up, "writes Value Gard.

Housing prices rose in January by 2.9 percent in the country as a whole, while house prices rose by 5.3 percent, according to Value Gard.

In Stockholm, house prices rose by 2.7 percent, in Gothenburg and Malmö by 3.2 and 0.2 percent respectively the previous month. In the medium-sized municipalities outside metropolitan areas housing prices have risen by an average of 4.1 percent, according to Value Gard.

Villa prices have in that last month rose by 5.3 percent. In Stockholm, prices rose by 7 percent, compared to 4.8 percent in Gothenburg. In Malmö, house prices fell by 0.9 percent in January, according to Value Gard. In the medium-sized municipalities, house prices have risen by an average of 5.7 percent.

Value Gard writes in a commentary that the rise in January should be interpreted with great caution. The statistics are corrected for the type of object being circulated, but not seasonally adjusted.
By Scancomark.se Team