Hemnet’s Buyer Barometer May 2024: Strong belief in rising property prices among buyers
In the Hemnet’s Buyers Barometer in May, the belief in rising property prices has increased further among buyers. There are now 46 percent of buyers who believe that property prices will increase the next six months. This is an increase of 2 percentage points compared to the corresponding survey in April.
At the same time, 13 percent who stated that they believe prices will decrease. This is the same level as last month. Overall, this means a net difference (the difference between those who believe in increasing and decreasing prices) of 34 percent, an increase of 1 percentage point since April.
The belief in increasing property prices is still strongest in Stockholm. The net difference there was +46 percentage points in May. This is an increase of 8 percentage points since April and thus at the same level as the historic high level we had in May 2021. Only 8 percent of buyers in Stockholm stated that they believe prices will fall in the next six months. This is the lowest level since the Hemnet’s Buyer Barometer begun in 2017.
Percentage of buyers expecting:
Increasing prices: 46.3 percent (44.7% in the previous month)
Decreasing prices: 12.7 percent (12.4% in the previous month)
Unchanged prices: 41.0 percent (42.9% in the previous month)
Erik Holmberg, market Analyst at Hemnet, commented:
“The relatively strong market we have seen so far in the spring continued in April. Prices continue to rise, which was to be expected due to the high price expectations of buyers. These expectations are now reinforced even further in May, and an policy rate decision by the Central Bank is also due to later this week, which could further support the price trend”
Hemnet’s Buyers’ Barometer went out to 2,130 respondents between 1 and 6 May.
For more information, please contact:
Contact
Erik Holmberg, market analyst Hemnet
M: +46 72-55 88 050
E: erik.holmberg@hemnet.se
About Hemnet Buyers’ Barometer
The Buyer’s Barometer is a survey that asks Hemnet visitors who plan to buy a home in the next six months, “How do you think property prices will develop where you live in the next six months?”. The survey has at least 600 responses and is conducted monthly. The first survey was conducted in September 2017.
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 is listed on Nasdaq Stockholm (‘HEM’).
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