Hemnet on the housing market in September
- Record number of apartments sold
- Slightly higher price expectations
- High influx of houses
The high level of activity that has characterised the housing market over the past year continued in September, with a record number of sales and a high influx of homes for sale. September was the month when the most apartments were sold as far back as Hemnet has a continuous time series.
Price expectations in Hemnet’s October Buyers’ Barometer are up slightly from the decline we saw in the summer months. Overall, 38 percent of buyers now expect prices to rise over the next six months, compared with 36 percent in the last survey in September.
At the same time, we see a slight decline in purchase intentions at the start of October. It could be related to lifted restrictions and consumption patterns returning to normal. Of those surveyed, 39 percent said they were planning to buy a home in the next six months. This compares with 42 percent in September and 46 percent in January, when the intention to buy was highest. However, levels of propensity to buy in October are still at a relatively normal level historically.
-The housing market continues to be very active in September with, for example, a record number of apartments sold and an expectation of rising property prices. However, purchase intentions are back to pre-pandemic levels. This may be related to lifted restrictions and an increase in other consumption such as travel and entertainment. However, there are no clear signs of any direct slowdown yet, says Erik Holmberg Market Analyst at Hemnet.
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Notes to editors
Press enquiries
Staffan Tell, Head of PR
M: +46 733 67 66 85
E: staffan.tell@hemnet.se
Erik Holmberg, Market Analyst
M: +46 725 58 80 50
E: erik.holmberg@hemnet.se
IR enquiries
Carl Johan Åkesson, CFO
M: +46 708 30 70 57
E: cj.akesson@hemnet.se
Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 761 45 21 78
E: nick.lundvall@hemnet.se
About Hemnet
Hemnet operates the leading property platform in Sweden. The company emerged as an industry initiative in 1998 and has since transformed into a "win-win" value proposition for the housing market. By offering a unique combination of relevant products, insights and inspiration, Hemnet has built lasting relationships with buyers, sellers, and agents for more than 20 years. Hemnet shares a mutual passion for homes with its stakeholders and is driven by being an independent go-to-place for people to turn to for the various housing needs that arise through life. This is mirrored in the Company’s vision to be the key to your property journey, supplying products and services to improve efficiency, transparency and mobility on the housing market. Hemnet’s is listed on Nasdaq Stockholm (‘HEM’).
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