Property prices in Sweden have shown impressive resilience despite a 0.9 percent drop in July, according to new figures from SBAB and property site Booli. Taking seasonal effects into account,

prices actually increased by 0.4 percent. While July is typically a weak month for property sales, the market has remained robust despite recent interest rate increases. SBAB's head economist, Robert Boije, stated that prices are still expected to drop by a total of 20 percent.

The price of apartments experienced a greater decline in July compared to detached houses, with apartments down 1.6 percent and houses down 0.5 percent. The steepest fall in apartment prices was in Greater Malmö, where prices dropped by 2.6 percent. Greater Stockholm also witnessed significant price declines, with apartment prices down by an average of 2.2 percent. On the other hand, apartment prices in Greater Gothenburg fell only 1 percent, while prices in Northern Sweden saw a 1.9 percent increase.

Regarding detached houses, Greater Stockholm experienced the largest price drop of 0.6 percent, while Greater Gothenburg saw the most significant increase, with prices up 1.7 percent.

Since the peak of the market in 2022, houses in Greater Stockholm have seen the most substantial decline of all the categories in SBAB's survey, down 17.9 percent from the peak. Meanwhile, apartments in southern Sweden have experienced an 11.7 percent decline from the peak. Despite these fluctuations, the overall property market in Sweden remains resilient.