5 Countries where Housing Prices are Declining or Flat

In this article, we will take a look at 5 Countries where Housing Prices are Declining or Flat. For a detailed overview of the downward trends in the housing market in different countries and the overall reduction in housing prices, read our article 20 Countries where Housing Prices are Declining or Flat.

5. Sweden

1-Year % Change in Real House Prices: 4.18%

3-Year % Change in Real House Prices: 16.71%

Affordability Index: 100.64

Average Score: 5.55

In the past couple of years, the house price index in Sweden has shown a rising trend. It increased by 15.78% between 2021 and 2020 and 10.26% in 2020 and 2019.  Meanwhile, the average price of a standard house in the country at the end of 2022 was around $347,000 because of a 4.2% decline in prices as compared to 2021. Prices of various dwellings in 2023 have gone down by 15%. However, the prices of apartments have only reduced by 10%.