Swedes are becoming more optimistic that the value of their homes is set to rise after a selloff that had shaved almost 16% off housing prices by the end of last year.

A quarterly survey from state-owned lender SBAB Bank AB indicates that 42% of homeowners believe prices will be higher a year from now, and only 9% expect them to drop. The optimists cite declining mortgage rates as the most important factor that could boost prices, as the country’s central bank has indicated that it may start cutting its benchmark rate in the first half of this year.