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Sold: Sweden's most expensive apartment

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Check out Stockholm's City Hall in the background. Photo: ESNY
11:41 CET+01:00
What do you do if you need more space and you've got 104.5 million kronor ($12.4m) burning a hole in your pocket? You snap up Sweden's most expensive apartment in history.

The 418-square-metre apartment in the heart of Stockholm, situated 60 metres above the Swedish capital and with a stunning seaview, was sold to an unknown buyer last week, Swedish media reported on Tuesday.

It has access to a rooftop rerrace with panoramic views of the city in a newbuild hotel complex opposite the central train station in the corner of Vasagatan and Klarabergsgatan.

"104.5 million is a lot of money, I certainly agree. But this is no ordinary apartment. And to the person who bought it I just want to say congratulations," Niklas Berntzon, managing director of Sweden's Eklund-Stockholm-New York luxury estate agent, told Swedish tabloid Aftonbladet.


Is this Sweden's most expensive apartment? Photo: ESNY

Another 18 other apartments and 400 hotel rooms for guests just travelling through are located in the Stockholm Continental hotel building complex.

"It has everything, including a terrace at the top of the building, incredibly views with windows from floor to ceiling and round-the-clock room service," said Berntzon.

News of the expensive apartment came just a day after fresh statistics suggested that property prices in Stockholm have dropped in recent weeks, following a number of strong warnings that the market had become a bubble that is waiting to burst.

But on the whole, the cost of buying an apartment or house has rocketed in Sweden this year, with October prices showing an average jump of 14 percent compared to the same month in 2014 and even bigger hikes reported in the country's largest cities.


The apartments have round-the-clock room service. Photo: ESNY

While 104.5 million kronor (£8.2 million, €11.3 million) may seem like a bargain – in a very generous sense of the word – compared to similarly lavish homes in other European cities (one apartment sold for a reported £140 million at London's Hyde Park in May), it is believed to be the highest price ever paid for a Swedish apartment.

The most expensive home currently being advertised on Hemnet, Sweden's most popular site for property hunters, has a price tag of 45 million kronor.

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Another Stockholm apartment was thought to be the most expensive on record when it was advertised for 83 million kronor in April.

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