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May 24, 2012
Swedish house prices soar to new high
Published: 10 Aug 05 12:25 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/1867/20050810/
Swedish house prices rose four percent between May and July, according to official figures released today. The average price of a detached, semi-detached or terraced house in Sweden is now 1.4 million kronor.
- IMF warns Swedish economy 'vulnerable' (16 May 12)
- 'United States losing its global influence': Borg (23 Apr 12)
- Sweden slashes 2012 growth forecast (16 Apr 12)
Property prices varied widely across the country. The biggest rise compared to the period February-April was in the county of Värmland, where prices were up 12 percent. Even the major cities, which already have the highest house prices, saw values rise by close to the national average.
In the greater Gothenburg area prices rose by five percent to an average of 2.13 million kronor. In greater Stockholm, a rise of four percent took the average up to 2.6 million, making the capital the most expensive place in Sweden to buy a house. Out of the big cities, only Malmö showed a below-average rise, with prices increasing by just two percent to 2.04 million kronor.
Jämtland was the only area of Sweden in which house prices were lower than in the previous period. Here, householders saw the values of their properties decrease by five percent. They were also down by one percent on the same period in 2004.
The statistics showed that the cheapest place to buy a house was Västra Norrland, where the average property costs 679,000 kronor. Prices in this region rose by the national average, four percent, between May and July.
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Highlights
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Swedish word of the day
lång
adjective
Lång means long, tall and can be used for height, distance or time.
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