Hemnet Group AB (HEM) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.299 inflation and the easing of mortgage regulations planned for April 26 could gradually 00:00:05.299 -- 00:00:08.280 help increase activity. 00:00:08.583 -- 00:00:13.610 Listing duration, the average time it took for a property to sell on Hemnet during the 00:00:13.610 -- 00:00:18.658 last 12 months, increased by 18% to 52 days 00:00:18.658 -- 00:00:23.805 compared to 44 days in Q3 last year. Anders will break down the financial effect 00:00:23.805 -- 00:00:27.520 of the longer listing duration later on in the presentation. 00:00:27.520 -- 00:00:32.629 Around 4 percentage points of the volume decline was attributed to a new business rule 00:00:32.629 -- 00:00:38.039 introduced by 1 February 2025. This new business rule allows sellers 00:00:38.039 -- 00:00:42.067 to change agents without buying a new listing. 00:00:42.067 -- 00:00:47.296 It's important to remember that our published listing number follows a specific definition 00:00:47.296 -- 00:00:52.808 and differs from general market numbers. The negative listing development 00:00:52.808 -- 00:00:58.158 is challenging, but it's more important to remember that property market can be volatile 00:00:58.158 -- 00:01:02.467 and we've been through the similar development in the past years. 00:01:02.467 -- 00:01:04.968 Just look at 2023. 00:01:05.634 -- 00:01:09.902 Let's move on to the next slide and provide some additional color on the supply situation 00:01:09.902 -- 00:01:13.766 and how that impacts the current state of the market. 00:01:14.669 -- 00:01:19.416 We do get a lot of questions of the state of the property market and how new published 00:01:19.416 -- 00:01:22.761 listings relate to transactions and total supply. 00:01:22.761 -- 00:01:27.788 Therefore, I wanted to take this ...