Statistics & publications

The Swedish Mortgages Market - Report September 2019

Mortgages comprise a significant percentage of the loan portfolio in Sweden and are an important component of the household budget for many individuals with home loans. The Swedish Mortgage Market describes both current and historic mortgage and construction trends. These developments are illustrated using statistics shown in tables and charts.

First, a brief description of general economic trends is given, followed by a discussion of developments in housing construction. This shows that there has been a signifi cant increase in construction in recent years and the number of housing starts has reached the record figures from the beginning of the 1990s, but that construction has now started to slow down.

Housing prices have increased for a number of years, but after a drop in housing prices in the autumn of 2017 prices have stabilised at a lower level during 2018 and 2019. At the end of June 2019 the price of single-family homes has, on average, increased by 2.1 percent during the last year and the price of tenant-owned apartments has increased by 1.6 percent.

Residential mortgage lending amounted to Sek 4,299 billion in June 2019. The rate of growth for mortgages was 5.2 percent annually, which is a decrease as compared with the same period last year when the growth rate was 6.6 percent. The rate of lending to single-family homes was 4.6 percent annually in June 2019 compared to 5.4 percent the same time last year.

The rate of lending to tenant-owned apartments is higher than for single-family homes and was 6.8 percent annually. The rate of lending to tenant-owned apartments has declined in the last year and was 9.3 percent in June 2018. Mortgage interest rates have generally declined over the last six years and interest rates are at historically low levels. Household indebtedness is outlined, as are implemented and proposed measures to counteract high indebtedness.

Finally, an overview is provided of the main forms of borrowing for mortgage institutions and of various events related to the mortgage market during the past year.