Hemnet’s Buyers’ Barometer April 2023: Higher price expectations among home buyers

Homebuyers' price expectations rose significantly in April, according to the Hemnet Buyer Barometer. Twenty-three percent of respondents said they believe prices will rise over the next six months. Compared to March, this is an increase of 5 percentage points and the highest percentage since May 2022.

Meanwhile, the share of those who believe in lower prices declined by 5 percentage points, from 43 percent in March to 38 in April. The net figure, i.e. the difference between those who believe in rising and falling prices, rises from - 25 to - 15 percentage points. This is also the highest level since May last year.

Share who believe in:

Increasing prices: 23.3 percent (18.2% for the previous month)

Decreasing price: 38.2 percent (43.1% for the previous month)

Unchanged prices: 38.5 percent (38.7% for the previous month)

Malmö and Stockholm continue to stick out as the areas where the view on home prices is the least negative among buyers. The net number for buyer price expectations is -9 and -10 respectively for the April Buyers Barometer.

Erik Holmberg, Market Analyst at Hemnet comments:
 

“It is clear that the real estate market continues to show strength during the beginning of the year. Despite worries regarding the economy, inflation and increasing rates, real estate prices have increased and stabilized during the beginning of the year. It remains to be seen if we have seen the bottom or if the expected rate increases from the Riksbank during the spring will cause further price decreases.”

Hemnet’s Buyers’ Barometer went out to 2,329 respondents between 1 and 3 April.

For more information, please contact:
 

Contact

Erik Holmberg, market analyst Hemnet

M: +46 72-55 88 050

E: [email protected]

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’).