A newborn optimism flourish among the Swedish households as more and more believe in rising house prizes.

The Swedish households have a brighter view on the housing market’s future than what they've has for a long time. Today 41 percent of the Swedes believe in rising prices while only 23 percent think they will continue down, the bank SEB said on Monday.

That's 3 percentage points more optimists and 2 percentage points fewer pessimists than last month.

“The low interest rate makes the households more optimistic about the housing market”, said Gunilla Nyström, private economy adviser at SEB in a comment to the bank's index.

However, it’s still to early to call the crisis on the housing market of. Rising unemployment might in the near future contribute to that the newborn optimism slides back to pessimism, the bank warns.

At the same time, more and more households believe that the banks interest rates are on its way up. On average the households think that the Riksbank’s repo rate will be at 1.17 percent in one year’s time, up from 0.91 percent in last month’s index.