Hemnet’s Buyers’ Barometer May 2023: Slight decrease in price expectations

In Hemnet’s May Buyers’ Barometer, 41 percent of respondents believe prices will decrease in the next six months. This is an increase of 3 percentage points from the corresponding survey in April. At the same time, the percentage of buyers who believe prices will rise increased by 1 percentage point. From 23 to 24 percent.

Overall, this means a net difference between those who believe in rising and falling prices of -16 percentage points. This is 1 percentage point less than last month.

Share of those who believe in:
Increasing prices: 24.5 percent (23.3% last month)
Decreasing price: 40.7 percent (38.2% last month)
Unchanged prices: 34.8 percent (38.5% last month)

Price expectations fell more steeply in Stockholms compared to the rest of the country in May, reversing the trend of the last months. The net difference between the proportion that believed in rising and falling prices fell by 7 percentage points compared with the corresponding survey in April.

In Gothenburg, price expectations have risen, and there are now more buyers who believe in higher prices than those who believe in lower prices.  

Erik Holmberg, Market Analyst at Hemnet comments:

“After the last increase in the policy rate and the Swedish central bank’s interest rate path, price expectations were expected to fall. Over the last year we have seen a clear impact of the rising interest rate on buyers’ price expectations. In contrast, prices were quite stable in April. There was a slight decline in the apartment market, but this can mainly be explained by the Easter effect as prices are generally lower in the Easter week”.

Hemnet’s Buyers’ Barometer went out to 2,307 respondents between 1 and 4 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

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’).