Danske Bank The house price indicator* for April shows falling prices for the third month in a row. In seasonally adjusted terms, prices fell House price indicator by -0.9 percent from March to April, which is an acceleration compared to previous months. The number of transactions also fell – both compared to the previous month and compared to April last year.
The housing price trend has been weaker than forecast and the persistent price declines indicate that the housing price forecast will have to be revised downwards in the future and that housing prices will not increase by about 5 percent this year as previously expected.
Uncertainty about economic developments in general and the housing market in particular is unusually high. Household consumer confidence fell sharply in April and there is little evidence of a rapid turnaround in sentiment by May. Households are being weighed down by the fact that interest rates have been cut less than expected and by the stock market turbulence and the high general uncertainty.
Comment from Susanne Spector, Chief Economist Danske Bank Sweden:
"The fall in housing prices accelerated during April, which confirms the picture that the housing market has lost momentum during 2025 and that households have become more cautious. Uncertainty is exceptionally high and there are few factors that suggest that housing prices will turn around in the coming months. The risk of further setbacks is high.”
*Danske Bank The housing price indicator refers to the price trend for tenant-owned apartments within the Municipality of Stockholm and is updated at the end of each month based on published final prices from the housing website Hemnet.
Danske Bank Housing price indicator is used as an early indicator of housing prices during the current month. Since the development of housing prices in Sweden broadly follows the development in Stockholm is it a useful indicator of housing price developments as a whole.
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