Full-year price falls continue in last quarter
Housing prices continued to fall sharply across Sweden in the last quarter of 2022, with values more than 10% lower in most markets than a year earlier, according to the latest figures from ValueGuard's HOX index. The compound annual growth rate (CAGR) of housing prices across the country was minus 21% in the quarter, contributing to a decline of 16% (not annualised) from their peak at end-March.
Small banks expanded their market shares amid low volumes, while many of the large banks reported minimal lending growth. In particular Länsförsäkringar Bank, Landshypotek Bank and Skandiabanken increased their market shares, while SEB and Danske Bank's mortgage lending declined for a second consecutive quarter, and Swedbank's mortgage lending volumes also fell.
The chart below shows the overall market share of Swedish mortgage lenders, as well as their market shares over the past 3, 6, 12 and 24 months. You can click the chart and select the fields to display and switch between the entire market, apartments and houses.
[wide-chart-1]
Largest banks fall back in a slow market
Mortgage lending in Sweden has historically been dominated by the country's four largest banks – Swedbank, Handelsbanken, SEB and Nordea – which together control 71% of the market. Their market shares have, however, been gradually declining for some time. In the final quarter of 2022, in which mortgage volumes grew at their lowest rate since 2003, the large banks achieved only 0.8% of market growth combined. Nordea had a 2.3% share of the mortgage market and Handelsbanken 2.4%, while Swedbank and SEB's mortgage lending volumes decreased in the period.
Among the small banks, SBAB has the largest share of the mortgage market, which remained in line with its total market share of 8.5% in the fourth quarter. Länsförsäkringar Bank and Skandiabanken increased their market shares in the quarter to 20.6% and 22% respectively, which compares favourably with their total market shares of 7.1% and 2.3%. Funds were active in both single-family housing and apartment mortgages, taking their market shares of 10.5% and 15.1%, respectively. Landshypotek Bank took 17.2% of the single-family housing market, 16pp higher than its total market share.
[chart-2]
Housing prices down 20% in all markets in Q4
Town houses in college towns saw the steepest decline in prices in the final quarter of 2022, but all markets saw town house prices decline by 20% or more on a compound basis. Stockholm apartments proved more resilient, with a 9.2% decline in the quarter, compared with a 20.9% decline in Malmö. However, Malmö apartments have so far maintained a higher share of their value in the ongoing downturn and the city was the only market where apartment prices fell by less than 10% in 2022. Nationally, single-family houses declined in price more rapidly in the fourth quarter (down 25%) than apartments (14%).
Since end-March, single-family housing prices have fallen by 17.7% and apartment prices by 13.9%. The largest declines in the period were in Malmö and Stockholm, where single-family housing prices fell by 19.5% and 18.4%, respectively.
We believe the sharper fall in single-family housing prices is due to higher levels of price increases following the onset of the COVID-19 pandemic as owners sought to relocate outside city centres. The declines are also due to high energy costs, which impact owners of standalone properties more that owners of apartments. Persistently high inflation rates and the likelihood of further interest rate rises are also dampening sentiment across the wider housing market.
Expected housing price declines in 2023 likely to depend on direction of interest rates
Real estate agents are reporting that the market is approaching price equilibrium. New mortgage volumes began to rise in November and December, albeit at lower levels than in recent years.
In our view, the magnitude and timing of further price falls will largely depend on action by the central bank to curb inflation. The market widely expects a 50bp increase in the bank's key policy rate in February, but uncertainty remains about the direction of rates later in the year. If the central bank signals that interest rates have peaked, either in February or at its next scheduled policy meeting in April, we believe prices will stabilise at about 20% below their recent peak levels before recovering slowly in the second half. Conversely, if buyer uncertainty persists over cost-of-living concerns, prices could fall further.
The chart to the left shows CAGR for the mortgage market in Sweden and its major cities. You can change the market by selecting from the options on the right-hand side to view CAGR over a variety of periods. NCR updates this interactive information quarterly.
Our analysis of the Swedish mortgage market from Q3, 2022, is available here.
Off {"data":[{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"Market share","visible":true,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[22.42,21.06,13.68,13.29,8.51,7.11,3.41,2.31,1.27,1.22,0.66,0.33,0.29,0.26,0.16,0.15,0.1,0.09,0.06,0.04,0.03,3.54],"type":"bar"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#C5A653","size":10,"symbol":"circle-dot"},"mode":"markers","name":"Last 3 months","visible":true,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[-4.89,2.37,12.34,-9.05,7.87,20.6,-12.91,21.98,12.05,1.85,11.32,0.79,-0.15,0.56,-0.56,0.7,0.18,0.75,1.13,0.38,0.07,32.65],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#4DB6AC","size":10,"symbol":"star-triangle-up"},"mode":"markers","name":"Last 6 months","visible":true,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[10.93,10.69,15.98,-1.98,6.85,14.63,-6.25,9.34,8.2,2.18,5.81,0.75,0.23,0.92,0.01,0.36,0.19,0.33,0.44,0.34,0.07,19.97],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#BF360C","size":10,"symbol":"x"},"mode":"markers","name":"Last 12 months","visible":true,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[14.78,13.04,16.01,2.57,8.48,8.62,-0.49,6.45,6.67,1.67,5.04,0.62,0.71,1.12,0.01,0.27,0.21,0.09,0.09,0.12,0.06,13.86],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#6E8197","size":10,"symbol":"diamond"},"mode":"markers","name":"Last 24 months","visible":true,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[16.06,14.83,15.18,9.49,8.91,7.57,0.51,4.45,5.42,1.33,3.63,0.54,0.72,0.99,0.12,0.13,0.18,0.07,0.04,0.04,0.05,9.75],"type":"scatter"},{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"Market share","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[24.39,20.8,13.13,12.87,6.61,8.03,3.02,1.93,1.12,1.4,1,0.43,0.36,0.26,0.18,0.14,0.11,0.07,0.05,0.05,0.03,4.04],"type":"bar"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#C5A653","size":10,"symbol":"circle-dot"},"mode":"markers","name":"Last 3 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[-9.33,1.34,10.83,-7.96,6.92,21.15,-7.82,16.62,10.48,2.08,17.22,1.07,-0.45,-0.33,0.71,0.2,0.64,1.32,0.49,0.49,0.04,34.27],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#4DB6AC","size":10,"symbol":"star-triangle-up"},"mode":"markers","name":"Last 6 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[9.05,10.25,14.5,-0.1,5.97,15.19,-2.87,6.15,7.24,2.31,8.47,0.88,0.22,0.77,0.39,0.23,0.3,0.52,0.39,0.39,0.06,19.69],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#BF360C","size":10,"symbol":"x"},"mode":"markers","name":"Last 12 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[13.77,12.85,14.36,2.79,7.24,10.13,0.29,4.67,6.07,1.7,7.84,0.77,0.83,1.07,0.27,0.29,0.08,0.11,0.14,0.14,0.06,14.54],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#6E8197","size":10,"symbol":"diamond"},"mode":"markers","name":"Last 24 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[16.46,14.14,14.12,8.32,8.14,9.09,0.68,3.12,5.11,1.17,5.76,0.71,0.87,0.99,0.13,0.26,0.07,0.04,0.06,0.06,0.06,10.63],"type":"scatter"},{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"Market share","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[18.61,21.58,14.75,14.11,12.18,5.35,4.18,3.04,1.56,0.86,0,0.13,0.16,0.27,0.08,0.04,0.04,0.04,0.02,0.02,0.02,2.95],"type":"bar"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#C5A653","size":10,"symbol":"circle-dot"},"mode":"markers","name":"Last 3 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[3.6,4.36,15.21,-11.14,9.67,19.57,-22.66,32.25,15.06,1.42,0,0.27,0.39,2.25,0.66,0.11,0.93,0.76,0.16,0.16,0.11,26.84],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#4DB6AC","size":10,"symbol":"star-triangle-up"},"mode":"markers","name":"Last 6 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[15.04,11.66,19.22,-6.1,8.79,13.44,-13.66,16.33,10.29,1.91,0,0.47,0.25,1.25,0.32,0.11,0.4,0.26,0.23,0.23,0.07,19.5],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#BF360C","size":10,"symbol":"x"},"mode":"markers","name":"Last 12 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[16.59,13.39,18.99,2.18,10.72,5.92,-1.89,9.66,7.75,1.62,0,0.34,0.47,1.21,0.26,0.07,0.11,0.05,0.09,0.09,0.05,12.33],"type":"scatter"},{"hoverinfo":"x+y+name","line":{"width":0},"marker":{"color":"#6E8197","size":10,"symbol":"diamond"},"mode":"markers","name":"Last 24 months","visible":false,"x":["Swedbank","SHB","Nordea","SEB","SBAB","LF Bank","Danske","Skandiabanken","Funds","Sp Sk\u00e5ne","Landshypotek","Sp Nord","Sp Sjuh\u00e4rad","Nordnet","Rekarne","Varbergs Sp","Westra Wermland","Falkenbergs Sp","Sp Alings\u00e5s","\u00d6lands","Sp Lidk\u00f6ping","Other banks"],"y":[15.38,16.01,17,11.46,10.21,4.97,0.22,6.72,5.94,1.6,0,0.24,0.45,0.99,0.12,0.05,0.05,0.03,0.01,0.01,0.04,8.47],"type":"scatter"}],"layout":{"template":{"data":{"histogram2dcontour":[{"type":"histogram2dcontour","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"choropleth":[{"type":"choropleth","colorbar":{"outlinewidth":0,"ticks":""}}],"histogram2d":[{"type":"histogram2d","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"heatmap":[{"type":"heatmap","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"heatmapgl":[{"type":"heatmapgl","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"contourcarpet":[{"type":"contourcarpet","colorbar":{"outlinewidth":0,"ticks":""}}],"contour":[{"type":"contour","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"surface":[{"type":"surface","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"mesh3d":[{"type":"mesh3d","colorbar":{"outlinewidth":0,"ticks":""}}],"scatter":[{"fillpattern":{"fillmode":"overlay","size":10,"solidity":0.2},"type":"scatter"}],"parcoords":[{"type":"parcoords","line":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatterpolargl":[{"type":"scatterpolargl","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"bar":[{"error_x":{"color":"#2a3f5f"},"error_y":{"color":"#2a3f5f"},"marker":{"line":{"color":"#E5ECF6","width":0.5},"pattern":{"fillmode":"overlay","size":10,"solidity":0.2}},"type":"bar"}],"scattergeo":[{"type":"scattergeo","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatterpolar":[{"type":"scatterpolar","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"histogram":[{"marker":{"pattern":{"fillmode":"overlay","size":10,"solidity":0.2}},"type":"histogram"}],"scattergl":[{"type":"scattergl","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatter3d":[{"type":"scatter3d","line":{"colorbar":{"outlinewidth":0,"ticks":""}},"marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scattermapbox":[{"type":"scattermapbox","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatterternary":[{"type":"scatterternary","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scattercarpet":[{"type":"scattercarpet","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"carpet":[{"aaxis":{"endlinecolor":"#2a3f5f","gridcolor":"white","linecolor":"white","minorgridcolor":"white","startlinecolor":"#2a3f5f"},"baxis":{"endlinecolor":"#2a3f5f","gridcolor":"white","linecolor":"white","minorgridcolor":"white","startlinecolor":"#2a3f5f"},"type":"carpet"}],"table":[{"cells":{"fill":{"color":"#EBF0F8"},"line":{"color":"white"}},"header":{"fill":{"color":"#C8D4E3"},"line":{"color":"white"}},"type":"table"}],"barpolar":[{"marker":{"line":{"color":"#E5ECF6","width":0.5},"pattern":{"fillmode":"overlay","size":10,"solidity":0.2}},"type":"barpolar"}],"pie":[{"automargin":true,"type":"pie"}]},"layout":{"autotypenumbers":"strict","colorway":["#636efa","#EF553B","#00cc96","#ab63fa","#FFA15A","#19d3f3","#FF6692","#B6E880","#FF97FF","#FECB52"],"font":{"color":"#2a3f5f"},"hovermode":"closest","hoverlabel":{"align":"left"},"paper_bgcolor":"white","plot_bgcolor":"#E5ECF6","polar":{"bgcolor":"#E5ECF6","angularaxis":{"gridcolor":"white","linecolor":"white","ticks":""},"radialaxis":{"gridcolor":"white","linecolor":"white","ticks":""}},"ternary":{"bgcolor":"#E5ECF6","aaxis":{"gridcolor":"white","linecolor":"white","ticks":""},"baxis":{"gridcolor":"white","linecolor":"white","ticks":""},"caxis":{"gridcolor":"white","linecolor":"white","ticks":""}},"coloraxis":{"colorbar":{"outlinewidth":0,"ticks":""}},"colorscale":{"sequential":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]],"sequentialminus":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]],"diverging":[[0,"#8e0152"],[0.1,"#c51b7d"],[0.2,"#de77ae"],[0.3,"#f1b6da"],[0.4,"#fde0ef"],[0.5,"#f7f7f7"],[0.6,"#e6f5d0"],[0.7,"#b8e186"],[0.8,"#7fbc41"],[0.9,"#4d9221"],[1,"#276419"]]},"xaxis":{"gridcolor":"white","linecolor":"white","ticks":"","title":{"standoff":15},"zerolinecolor":"white","automargin":true,"zerolinewidth":2},"yaxis":{"gridcolor":"white","linecolor":"white","ticks":"","title":{"standoff":15},"zerolinecolor":"white","automargin":true,"zerolinewidth":2},"scene":{"xaxis":{"backgroundcolor":"#E5ECF6","gridcolor":"white","linecolor":"white","showbackground":true,"ticks":"","zerolinecolor":"white","gridwidth":2},"yaxis":{"backgroundcolor":"#E5ECF6","gridcolor":"white","linecolor":"white","showbackground":true,"ticks":"","zerolinecolor":"white","gridwidth":2},"zaxis":{"backgroundcolor":"#E5ECF6","gridcolor":"white","linecolor":"white","showbackground":true,"ticks":"","zerolinecolor":"white","gridwidth":2}},"shapedefaults":{"line":{"color":"#2a3f5f"}},"annotationdefaults":{"arrowcolor":"#2a3f5f","arrowhead":0,"arrowwidth":1},"geo":{"bgcolor":"white","landcolor":"#E5ECF6","subunitcolor":"white","showland":true,"showlakes":true,"lakecolor":"white"},"title":{"x":0.05},"mapbox":{"style":"light"}}},"hoverlabel":{"bgcolor":"rgb(0, 0, 0)"},"legend":{"x":1,"xanchor":"center","y":0.93},"margin":{"b":80,"l":80,"pad":0,"r":80,"t":80},"title":{"font":{"size":16},"text":"Residential mortgage: market shares through Dec. 2022 (%)","x":0,"xref":"paper","y":0.9,"yanchor":"bottom","yref":"container"},"xaxis":{"automargin":true,"tickangle":45},"yaxis":{"title":{"text":"Market share (%)"}},"annotations":[{"font":{"color":"black","size":10},"showarrow":false,"text":"Based on data from Statistics Sweden.","x":0,"xref":"paper","y":-0.3,"yref":"paper"}],"autosize":true,"hovermode":"closest","plot_bgcolor":"rgb(255, 255, 255)","showlegend":true,"updatemenus":[{"active":0,"buttons":[{"args":[{"visible":[true,true,true,true,true,false,false,false,false,false,false,false,false,false,false]},{"title":"Residential mortgage: market shares through Dec. 2022 (%)"}],"label":"Residential mortgage","method":"update"},{"args":[{"visible":[false,false,false,false,false,true,true,true,true,true,false,false,false,false,false]},{"title":"Single-family housing: market shares through Dec. 2022 (%)"}],"label":"Single-family housing","method":"update"},{"args":[{"visible":[false,false,false,false,false,false,false,false,false,false,true,true,true,true,true]},{"title":"Apartments: market shares through Dec. 2022 (%)"}],"label":"Apartments","method":"update"}],"direction":"right","font":{"size":11},"type":"buttons","x":1,"xanchor":"right","y":1.1,"yanchor":"top"}]}} {"data":[{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"10 years","visible":true,"x":["Total","Houses","Flats"],"y":[5.56,5.79,5.29],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#C5A653"},"name":"5 years","visible":true,"x":["Total","Houses","Flats"],"y":[2.78,3.47,1.73],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#4DB6AC"},"name":"3 years","visible":true,"x":["Total","Houses","Flats"],"y":[2.48,3.59,0.78],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#BF360C"},"name":"1 year","visible":true,"x":["Total","Houses","Flats"],"y":[-12.71,-13.66,-10.97],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#6E8197"},"name":"6 months","visible":true,"x":["Total","Houses","Flats"],"y":[-21.21,-24.19,-15.45],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#030C15"},"name":"3 months","visible":true,"x":["Total","Houses","Flats"],"y":[-21.25,-25.04,-13.89],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"10 years","visible":false,"x":["Houses","Apartments"],"y":[5.27,5.02],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#C5A653"},"name":"5 years","visible":false,"x":["Houses","Apartments"],"y":[2.85,2.16],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#4DB6AC"},"name":"3 years","visible":false,"x":["Houses","Apartments"],"y":[3.56,1.14],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#BF360C"},"name":"1 year","visible":false,"x":["Houses","Apartments"],"y":[-15.95,-10.3],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#6E8197"},"name":"6 months","visible":false,"x":["Houses","Apartments"],"y":[-21.51,-11.77],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#030C15"},"name":"3 months","visible":false,"x":["Houses","Apartments"],"y":[-21.6,-9.2],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"10 years","visible":false,"x":["Houses","Apartments"],"y":[5.98,5.45],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#C5A653"},"name":"5 years","visible":false,"x":["Houses","Apartments"],"y":[2.55,-0.24],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#4DB6AC"},"name":"3 years","visible":false,"x":["Houses","Apartments"],"y":[2.41,-1.84],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#BF360C"},"name":"1 year","visible":false,"x":["Houses","Apartments"],"y":[-12.93,-13.02],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#6E8197"},"name":"6 months","visible":false,"x":["Houses","Apartments"],"y":[-22.75,-20],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#030C15"},"name":"3 months","visible":false,"x":["Houses","Apartments"],"y":[-23.75,-18.89],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"10 years","visible":false,"x":["Houses","Apartments"],"y":[5.9,6.26],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#C5A653"},"name":"5 years","visible":false,"x":["Houses","Apartments"],"y":[4.54,3.24],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#4DB6AC"},"name":"3 years","visible":false,"x":["Houses","Apartments"],"y":[3.11,2.36],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#BF360C"},"name":"1 year","visible":false,"x":["Houses","Apartments"],"y":[-14.56,-9.38],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#6E8197"},"name":"6 months","visible":false,"x":["Houses","Apartments"],"y":[-27.19,-18.01],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#030C15"},"name":"3 months","visible":false,"x":["Houses","Apartments"],"y":[-26.26,-20.94],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#0D2E54"},"name":"10 years","visible":false,"x":["Houses","Apartments"],"y":[6.14,5.54],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#C5A653"},"name":"5 years","visible":false,"x":["Houses","Apartments"],"y":[4.12,1.66],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#4DB6AC"},"name":"3 years","visible":false,"x":["Houses","Apartments"],"y":[4.14,1.05],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#BF360C"},"name":"1 year","visible":false,"x":["Houses","Apartments"],"y":[-12.25,-11.35],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#6E8197"},"name":"6 months","visible":false,"x":["Houses","Apartments"],"y":[-25.65,-17.94],"type":"bar"},{"hoverinfo":"x+y+name","marker":{"color":"#030C15"},"name":"3 months","visible":false,"x":["Houses","Apartments"],"y":[-27.21,-16.67],"type":"bar"}],"layout":{"template":{"data":{"histogram2dcontour":[{"type":"histogram2dcontour","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"choropleth":[{"type":"choropleth","colorbar":{"outlinewidth":0,"ticks":""}}],"histogram2d":[{"type":"histogram2d","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"heatmap":[{"type":"heatmap","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"heatmapgl":[{"type":"heatmapgl","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"contourcarpet":[{"type":"contourcarpet","colorbar":{"outlinewidth":0,"ticks":""}}],"contour":[{"type":"contour","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"surface":[{"type":"surface","colorbar":{"outlinewidth":0,"ticks":""},"colorscale":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]]}],"mesh3d":[{"type":"mesh3d","colorbar":{"outlinewidth":0,"ticks":""}}],"scatter":[{"fillpattern":{"fillmode":"overlay","size":10,"solidity":0.2},"type":"scatter"}],"parcoords":[{"type":"parcoords","line":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatterpolargl":[{"type":"scatterpolargl","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"bar":[{"error_x":{"color":"#2a3f5f"},"error_y":{"color":"#2a3f5f"},"marker":{"line":{"color":"#E5ECF6","width":0.5},"pattern":{"fillmode":"overlay","size":10,"solidity":0.2}},"type":"bar"}],"scattergeo":[{"type":"scattergeo","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatterpolar":[{"type":"scatterpolar","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"histogram":[{"marker":{"pattern":{"fillmode":"overlay","size":10,"solidity":0.2}},"type":"histogram"}],"scattergl":[{"type":"scattergl","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatter3d":[{"type":"scatter3d","line":{"colorbar":{"outlinewidth":0,"ticks":""}},"marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scattermapbox":[{"type":"scattermapbox","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scatterternary":[{"type":"scatterternary","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"scattercarpet":[{"type":"scattercarpet","marker":{"colorbar":{"outlinewidth":0,"ticks":""}}}],"carpet":[{"aaxis":{"endlinecolor":"#2a3f5f","gridcolor":"white","linecolor":"white","minorgridcolor":"white","startlinecolor":"#2a3f5f"},"baxis":{"endlinecolor":"#2a3f5f","gridcolor":"white","linecolor":"white","minorgridcolor":"white","startlinecolor":"#2a3f5f"},"type":"carpet"}],"table":[{"cells":{"fill":{"color":"#EBF0F8"},"line":{"color":"white"}},"header":{"fill":{"color":"#C8D4E3"},"line":{"color":"white"}},"type":"table"}],"barpolar":[{"marker":{"line":{"color":"#E5ECF6","width":0.5},"pattern":{"fillmode":"overlay","size":10,"solidity":0.2}},"type":"barpolar"}],"pie":[{"automargin":true,"type":"pie"}]},"layout":{"autotypenumbers":"strict","colorway":["#636efa","#EF553B","#00cc96","#ab63fa","#FFA15A","#19d3f3","#FF6692","#B6E880","#FF97FF","#FECB52"],"font":{"color":"#2a3f5f"},"hovermode":"closest","hoverlabel":{"align":"left"},"paper_bgcolor":"white","plot_bgcolor":"#E5ECF6","polar":{"bgcolor":"#E5ECF6","angularaxis":{"gridcolor":"white","linecolor":"white","ticks":""},"radialaxis":{"gridcolor":"white","linecolor":"white","ticks":""}},"ternary":{"bgcolor":"#E5ECF6","aaxis":{"gridcolor":"white","linecolor":"white","ticks":""},"baxis":{"gridcolor":"white","linecolor":"white","ticks":""},"caxis":{"gridcolor":"white","linecolor":"white","ticks":""}},"coloraxis":{"colorbar":{"outlinewidth":0,"ticks":""}},"colorscale":{"sequential":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]],"sequentialminus":[[0.0,"#0d0887"],[0.1111111111111111,"#46039f"],[0.2222222222222222,"#7201a8"],[0.3333333333333333,"#9c179e"],[0.4444444444444444,"#bd3786"],[0.5555555555555556,"#d8576b"],[0.6666666666666666,"#ed7953"],[0.7777777777777778,"#fb9f3a"],[0.8888888888888888,"#fdca26"],[1.0,"#f0f921"]],"diverging":[[0,"#8e0152"],[0.1,"#c51b7d"],[0.2,"#de77ae"],[0.3,"#f1b6da"],[0.4,"#fde0ef"],[0.5,"#f7f7f7"],[0.6,"#e6f5d0"],[0.7,"#b8e186"],[0.8,"#7fbc41"],[0.9,"#4d9221"],[1,"#276419"]]},"xaxis":{"gridcolor":"white","linecolor":"white","ticks":"","title":{"standoff":15},"zerolinecolor":"white","automargin":true,"zerolinewidth":2},"yaxis":{"gridcolor":"white","linecolor":"white","ticks":"","title":{"standoff":15},"zerolinecolor":"white","automargin":true,"zerolinewidth":2},"scene":{"xaxis":{"backgroundcolor":"#E5ECF6","gridcolor":"white","linecolor":"white","showbackground":true,"ticks":"","zerolinecolor":"white","gridwidth":2},"yaxis":{"backgroundcolor":"#E5ECF6","gridcolor":"white","linecolor":"white","showbackground":true,"ticks":"","zerolinecolor":"white","gridwidth":2},"zaxis":{"backgroundcolor":"#E5ECF6","gridcolor":"white","linecolor":"white","showbackground":true,"ticks":"","zerolinecolor":"white","gridwidth":2}},"shapedefaults":{"line":{"color":"#2a3f5f"}},"annotationdefaults":{"arrowcolor":"#2a3f5f","arrowhead":0,"arrowwidth":1},"geo":{"bgcolor":"white","landcolor":"#E5ECF6","subunitcolor":"white","showland":true,"showlakes":true,"lakecolor":"white"},"title":{"x":0.05},"mapbox":{"style":"light"}}},"hoverlabel":{"bgcolor":"rgb(0, 0, 0)"},"legend":{"orientation":"h","x":0.5,"xanchor":"center","y":-0.22,"yanchor":"bottom"},"margin":{"b":90,"l":40,"pad":0,"r":110,"t":80},"title":{"font":{"size":15},"text":"CAGR of Swedish housing price indices<br>through Dec. 2022 (Sweden)","x":0,"xref":"paper","y":0.9,"yanchor":"bottom","yref":"container"},"yaxis":{"title":{"text":"CAGR (%)"}},"annotations":[{"font":{"color":"black","size":10},"showarrow":false,"text":"Based on data from ValueGuard HOX Index.","x":0,"xref":"paper","y":-0.28,"yref":"paper"}],"height":500,"hovermode":"closest","plot_bgcolor":"rgb(255, 255, 255)","showlegend":true,"updatemenus":[{"active":0,"buttons":[{"args":[{"visible":[true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false]},{"title":"CAGR of Swedish housing price indices<br>through Dec. 2022 (Sweden)"}],"label":"Sweden","method":"update"},{"args":[{"visible":[false,false,false,false,false,false,true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false]},{"title":"CAGR of Swedish housing price indices<br>through Dec. 2022 (Stockholm)"}],"label":"Stockholm","method":"update"},{"args":[{"visible":[false,false,false,false,false,false,false,false,false,false,false,false,true,true,true,true,true,true,false,false,false,false,false,false,false,false,false,false,false,false]},{"title":"CAGR of Swedish housing price indices<br>through Dec. 2022 (Gothenburg)"}],"label":"Gothenburg","method":"update"},{"args":[{"visible":[false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,true,true,true,true,true,true,false,false,false,false,false,false]},{"title":"CAGR of Swedish housing price indices<br>through Dec. 2022 (Malm\u00f6)"}],"label":"Malm\u00f6","method":"update"},{"args":[{"visible":[false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,false,true,true,true,true,true,true]},{"title":"CAGR of Swedish housing price indices<br>through Dec. 2022 (College Towns)"}],"label":"College Towns","method":"update"}],"direction":"down","font":{"size":11},"type":"buttons","x":1.25,"xanchor":"right","y":1.0,"yanchor":"top"}]}} Ylva Forsberg Swedish-mortgage