Hemnet’s Buyers’ Barometer March 2023: Price expectations decline

Price expectations declined in March, breaking a three-month positive trend. In the Hemnets Price Survey, 18 percent responded that they expected prices to rise over the next six months, down from 22 percent the previous month.

The share of those who believe in falling prices remains at 43 percent. The net figure, i.e., the difference between those who believe in rising and falling pieces, has thus fallen by four percentage points from -21 in February to -25 in March.

Share who believe in:

Increasing prices: 18.2 percent (22.4% for the previous month)

Decreasing price: 43.1 percent (43.4% for the previous month)

Unchanged prices: 38.7 percent (34.2% for the previous month)

In Stockholm and Malmoe, the trend differs from the combined country data. In these cities, price expectations increased by 7 and 13 percentage points, respectively. The difference between those who believe in rising and falling prices in the March survey was -19 percentage points in Stockholm and -11 percentage points in Malmoe.

Erik Holmberg, Market Analyst at Hemnet comments:

"It is not surprising to see price expectations decline in light of last month's news on interest rates and inflation. When you take that into account, the change seems relatively small. At the same time, there are more than twice as many buyers who believe prices will fall than those who believe prices will rise.

The change in price expectations in both Malmoe and Stockholm is noteworthy. Stockholm is one of the regions with the strongest trend in housing prices at the beginning of the year.”

Hemnet’s Buyers’ Barometer went out to 2,204 respondents between 1 and 2 March.

For more information, please contact:

Contact

Erik Holmberg, market analyst Hemnet

M: +46 72-55 88 050

E: erik.holmberg@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 is listed on Nasdaq Stockholm (‘HEM’).