• Sweden edition
 
Sweden's average home price at 'record high'

Sweden's average home price at 'record high'

Published: 07 Feb 2013 15:13 GMT+01:00
Updated: 07 Feb 2013 15:13 GMT+01:00

"All 21 counties now have an average price over 1 million kronor and that's the first time this has happened, I believe," Martin Verhage at Statistics Sweden's (SCB) told The Local.

Verhage said the developments were a surprise to the researchers, but pointed out that over the past two years, house prises in Sweden have crept up 2 percent nationwide.

SEE ALSO: Sweden's most expensive addresses

House prices increased in 17 out of 21 counties when compared to 2011. The counties that saw the biggest growth included Blekinge, Norrbotten and Uppsala - all of which shot up by 6 percent in 2012.

Decreasing house prices, meanwhile, were reported in three counties. The largest being in Gotland by 4 percent, followed by Kalmar at 2 percent.

As for the nation's most populated counties, prices in Greater Gothenburg and Greater Stockholm increased by 4 and 3 percent respectively, while prices decreased in Greater Malmö by 1 percent.

Sweden's highest average home price was in Stockholm, at just over 3.7 million kronor, with Västernorrland the lowest at just over 1 million kronor.

SEE ALSO: Check out the latest home listings in The Local’s Property Section

SEE ALSO: Find your next home with The Local’s Rentals Section

The Local/og

Follow The Local on Twitter

Your comments about this article

19:15 February 7, 2013 by rohermoker
1 Millino Kr ($160,000) that is called AFORDABLE here in Minnesota. Prior to the price colapse it was not uncommon to see the "low" cost homes going for $250,000.
19:40 February 7, 2013 by bjorkon
Sadly in Sweden it will cost you more than that to build the average home due to massive labour costs. So in real terms a bargain!
20:43 February 7, 2013 by Beavis
1 million kr is still a bargain. compare it to Dublin where the average is still 3 million even after 60% has been knocked off due to a crash in Dublin Ireland, and those houses are made of cardboard
04:20 February 8, 2013 by AndrewDoyle
That is extremely cheap. Here in Perth, Australia you will not find a house near civilization under $300,000 and even then, you are going to be in a somewhat undesirable area or in a house that needs some serious renovations. Sweden truly has it good.
07:19 February 8, 2013 by just a question
This is the new slavery. Pay for the rest of your life a house that doesn't cost not even half of its price. It is happening everywhere. It could be worse, for example in Norway or Denmark houses are more expensive. The human being has been and will always be a stupid creature.
07:33 February 8, 2013 by karex
If it were just the housing prices increasing a bit it wouldn't really be a big problem. But taken into context, the situation takes on a different light. Fuel for instance, is not subsidized here as it is in the US. The labor costs are very high so are energy and worst of all food. Never mind the high taxes, all of which increase disproportionately with regards to wages. Sweden has never been known for being a country which is attractive wage-wise, and top that with salaries not keeping pace with the rise in the cost of living in recent years, the entire picture paints a difficult scenario.
10:04 February 8, 2013 by FlidmcFlid
Karrex (#6): I think you'd be surprised actually if you read the latest UBS report on wages in Sweden (specifically Stockholm) vs. take home wages and prices of goods and services within a country.

In the latest comparison of purchasing power around the world, UBS found that Stockholm (where New York was set at 100) had prices 91.9 of New York and if including rent 81.9 showing that prices are actually lower than New York. When take home wages are taken into account, Stockholm is 78.1 to New York (100). So in reality, Stockholm is slightly cheaper and people get paid slightly less than New York making it overall only slightly more expensive to the average family - and this is before social welfare supplements and other such indices are considered. The full report is listed on the UBS website. It also lists average salaries of various workplaces - which I think you'll find rather enlightening.
10:08 February 8, 2013 by ShaunD
Here in rural Dalarna the average price in the village where I live is around 380,000kr or $59,300 !!! Great if you purchasing a house but bad news if you are trying to sell one !
13:22 February 8, 2013 by karex
#7 Sounds interesting, but picking out large cities is not representative of the country. Stockholm and New York are cities where a large number of high wage earners concentrate. The rest of the country sees lower wages with equivalent costs. Fuel, energy, food and taxes are not lower in other places, but wages are. Plus social benefits are largely funneled to parts of society and in general terms not evenly spread. If you're not on temporary or permanent disability, unemployed, or bearing children you don't see much in terms of social benefits.
15:59 February 8, 2013 by Rishonim
The reality is that in the rest of the world when you buy a home you pay the loan premium while in Sweden you only pay the interest. In conclusion owning a home in Sweden is no big deal as it is affordable to anyone with a proper credit score.
16:08 February 8, 2013 by FlidmcFlid
#9. Of course it isn't totally representative, however, if you look at the matrix that UBS used to calculate their wages/costs you'll see they mostly calculated from low level white collar and blue collar jobs such as mechanics, factory workers and desk workers using their net salaries to judge whether prices vs. wages were unbalanced. Unless there is a massive difference between factory workers and teachers across the country (given that house prices and rent tend to be peoples largest outgoings along with transport and food) I find it hard to believe that the average person wouldn't be better off outside big cities than in them, hence why they focus on the most expensive parts of the country. I know that in my line of work I'd be paid the same or more outside Stockholm and my outgoings for transport and accommodation would be less.

As for social welfare, medical care falls under that umbrella too, don't forget. That is a massive outgoing for many households without socialised medicine.
15:52 April 13, 2013 by zcotty
These are riduculous prices when compared to Sweden's neighbor Finland. You have to go out pretty far into nowhere to get a crappy house for 120 000 €.
Today's headlines
National
Swedish airfares to get cheaper in 2015

Swedish airfares to get cheaper in 2015

Sweden is set to buck the European trend of rising air prices with fares expected to drop next year according to a new report. READ  

National
Swede's homemade submarine nets fortune
Eric Westerberg's homemade submarine Isabelle. Photo: PS.nu

Swede's homemade submarine nets fortune

A Swedish submarine enthusiast who spent over 3,500 hours making his own vessel has sold his prized possession for 705,000 kronor ($98,500) in an online auction. READ  

National
Cops reported for making 'Roma' comment

Cops reported for making 'Roma' comment

Police in northern Sweden have been reported to the Equality Ombudsman for describing a wanted suspect as having a "Roma appearance." READ  

Donald Duck and Zlatan get Swedish votes
A political career for Zlatan? Some fans seem to want to see that. Photo: Peter Dejong/TT

Donald Duck and Zlatan get Swedish votes

The Bilderberg Group, the Satanic Initiative and Adolf Hitler all received votes in Sweden’s general election, according to a list released by the country’s electoral authority. READ  

Sport
Stockholm fails bid to host Euro 2020 games
The Swedish team in action. Photo: TT

Stockholm fails bid to host Euro 2020 games

Sweden's capital has missed out on a chance to host any Euro 2020 games, with Copenhagen the only Scandinavian city among the thirteen winning locations. READ  

Vicar: God rejects fans of women priests
Antje Jackelén, Archbishop of Uppsala, is the first woman to head the Swedish church. Photo: Stig-Åke Jönsson/TT

Vicar: God rejects fans of women priests

A Swedish priest has been fired after telling his congregation that people who support female priests would be rejected by God - despite the fact that his own church is led by a woman. READ  

Analysis
Women set to dominate top post-election jobs
Margot Wallström (right) could become Stefan Löfven's new Minister of Foreign Affairs. Photo: TT

Women set to dominate top post-election jobs

Sweden could soon get a female Foreign Minister, Fredrik Reinfeldt's ousted Moderate Party is preparing for its first woman leader and the grandmother of actor Hugh Grant's son is being tipped as Parliament's next Speaker. READ  

National
Sweden protests over Russian plane incursions
A Gripen plane was scrambled to see off the Russian planes. Photo: Johan Nilsson/TT

Sweden protests over Russian plane incursions

UPDATED: Sweden has summoned the Russian Ambassador for a dressing down after two Russian planes violated Swedish airspace last week. READ  

Elections 2014
'Good prospects' for Alliance co-operation

'Good prospects' for Alliance co-operation

UPDATED: Social Democrat leader Stefan Löfven says he is positive that his party can co-operate with the former governing Alliance on some issues. READ  

Lifestyle
Introducing...Astrid Lindgren
Pippi Longstocking comes to live at the Astrid Lindgren theme park. Photo: TT

Introducing...Astrid Lindgren

The creator of Pippi Longstocking, Astrid Lindgren, is the most translated author from Sweden, and has filled children's imaginations since the 1940s. The Local finds out why her work has become a timeless classic. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
The 'black gold' of Sweden's west coast.
National
West Sweden prepares for the 2014 lobster premiere
Society
What's on in Sweden
Politics
How Sweden Democrats went mainstream
Politics
Scandinavia and Scotland: closer links?
Gallery
Property of the week - Eskilstuna
Blog updates

20 September

How a Frog Can Save the Environment (Stockholm in my American Heart) »

"What we do we imagine when we think of children enjoying nature? Perhaps it’s fishing, marveling at lightning bugs on a muggy July day or blowing on the wispy petals of a dandelion to make a special wish. But perhaps most iconic of the playful innocence in childhood is hopping after and trying to catch..." READ »

 

19 September

Editor’s blog (The Local Sweden) »

"Happy Friday readers! It sure has been a exciting week in Sweden, where we’re set to get a new Prime Minister after Fredrik Reinfeldt stepped down following Sunday’s elections. The Local blogged live from the key political gatherings across Stockholm. Why not re-visit the action by taking a look at our photos, tweets, videos and analysis? Since the..." READ »

 
 
 
Sponsored Article
How to start a business in Stockholm
Society
How I became a surf blogger when I moved to Sweden
Gallery
People-watching: September 13th
Society
Why is Stockholm's Södermalm so cool?
Gallery
People-watching: September 11th
Gallery
People-watching: September 13th
Politics
Five possible election outcomes
Politics
Sweden elections: How do they work?
Politics
Sweden elections: Who's who?
Gallery
Property of the week - Hornstull, Stockholm
Analysis
Five differences between the UK and Sweden
Welshman Jonny Luck is now a chef in Sweden
Society
How I opened my own restaurant in Sweden's Malmö
Sponsored Article
Stockholm tech fest: relive the magic
Gallery
People-watching September 8th
Photo: TT
Politics
Feminists fight for first seats
Politics
Immigration cut push from Sweden Democrats
Sheryl Sandberg says women have "low expectations"
Tech
Facebook exec talks women's limits in Swedish business
Politics
Left Party calls for justice and equality
Politics
Green Party wants 'better world' for kids
Lifestyle
The five best Swedish songs of the month
Sponsored Article
Introducing… Insurance in Stockholm
Sponsored Article
Graduates: Insure your income in Sweden with AEA
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

857
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN