Hemnet’s Buyer Barometer November 2023: Price expectations continue to fall

The share of buyers who stated that they believe property prices will rise the next six months fell slightly in Hemnet’s Buyers’ Barometer for November. Among the buyers surveyed, 20 percent now believe that prices will rise. By comparison, last month the figure was 22 percent.

The share of buyers who believe that property prices will fall remained unchanged at 38 percent compared to the same survey in October. The net figure for November is therefore -19 percentage points. A fall of 2 percentage points compared to October. This means that there have now been four consecutive months of falling property price expectations.

Percentage of buyers expecting:

Increasing prices: 19.6 percent (21.6% in the previous month)

Decreasing prices: 38.2 percent (38.5% in the previous month)

Unchanged prices: 42.2 percent (39.9% in the previous month)

Erik Holmberg, Market Analyst at Hemnet, commented:

“The trend of slightly decreasing price expectations among property buyers that we observed in the autumn continued in November. We now appear to be very close to the peak in interest rate. Signals as to how long interest will remain at this level will probably be important for price expectations. And thus also for how prices will continue to develop”.

 Hemnet’s Buyers’ Barometer went out to 2,049 respondents between 1 and 3 November.

For more information, please contact:

Contact

Erik Holmberg, market analyst Hemnet

M: +46 72-55 88 050

E: [email protected]

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’).