June 11, 2018 / 6:49 AM / 10 months ago

Swedish house price expecations falls to 7 in June from 11 - SEB

STOCKHOLM, June 11 (Reuters) - Swedes were more pessimistic about developments in the housing market over the coming year in June than the previous month, banking group SEB’s Housing Price Indicator showed on Monday.

SEB’s indicator, showing the balance between households forecasting rising or falling prices, fell to 7 in June from 11 in May.

“There is clearly uncertainty and levels are still low compared with the situation we had before the big downturn in autumn,” SEB economist Jens Magnusson said in a statement.

The indicator showed most pessimism in Stockholm.

Prices have stabilized in the early part of 2018 after a sharp downturn at the end of last year and most analysts believe further large declines are unlikely. (Reporting by Stockholm Newsroom)

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