House prices in Sweden increased by 1% in June, while prices for apartments remained unchanged, according to new data from Svensk Mäklarstatistik.

“Despite the fact that the central bank has probably not raised interest rates for the final time, a majority of our members believe that prices will remain stable during the third quarter”, said Joakim Lusensky, head of analysis and communications at the Association of Swedish Real Estate Agents, in a press statement, adding: “At the same time, drastically increased living costs have made it more difficult for many who need to move to actually do so, which is noticeable in the low number of sales.”

Apartment prices outside of Stockholm went up, but price decreases in the capital, where 40% of apartments in Sweden are sold, brought down the total figure for apartments across the country as a whole.

On a yearly basis, apartment prices have now decreased by 5%, with houses going down 12% over the same period, according to Svensk Mäklarstatistik, which keeps data on property prices.

The recent increases on the price of apartments mean that the total price decrease since the peak of the market in March/April 2022 is now slightly smaller at -9%. The figures for house prices are less positive, despite a slight increase in prices last month, with a total decrease of 12% since the peak in the spring of 2022.