Swedish home prices rise despite slow growth
Published: 16 Jan 13 09:05 CET | Print version
Online: http://www.thelocal.se/45640/20130116/
Home prices in Sweden continued to rise in 2012, despite concerns about growing unemployment and sluggish economic growth.
- Riksbank probes mortgage-repayment law (15 Jan 13)
- Eight-year wait for a home in Stockholm (14 Jan 13)
- Students slam housing idea: 'We're not lab rats' (11 Jan 13)
In December, however, prices for both houses and apartments had fallen by 1 percent nationwide.
"After 2011's dip for tentant-owned flats, we saw prices went up for all of 2012, despite financial uncertainty, a large supply, and longer selling times," Peeter Pütsep, head of real estate agency Svensk Fastighetsförmedling, said in a statement.
He added that price increases were most significant in Stockholm and Gothenburg, saying that trends in 2013 will likely mirror those of 2012, as long as Sweden isn't hit with major job losses.
Currently, the average price for a house in Sweden is around 2.1 million kronor ($323,400), while the median price in the Stockholm area is 3.8 million kronor.
In the Gothenburg area, houses cost 2.9 million kronor on average, the same as average house prices in Malmö.
TT/The Local/dl
Follow The Local on Twitter
What do you think? Leave your comment below.
Sweden 'fails to help well-educated foreigners'
The white-collar union Saco has lambasted Sweden's Employment Agency for its failure to help well-educated, foreign-born job seekers, whose unemployment rate is more than three times the average for people born in Sweden. READ () »
Mixed results for Sweden refugee job push
Fifteen percent of refugees in Sweden who enrolled in the new establishment system the past two years have gone on to find jobs, new figures show, leading some observers to worry that the low success rate will place a burden on the benefits system. READ () »
Riksbank unveils new board members
Sweden's central bank has appointed two new board members plucked from banking and academia to replace two outgoing members, one of whom was an outspoken critic of the Riksbank's commitment to the government's inflation goal. READ () »
350 jobs lost as Ericsson shuts Swedish factory
Swedish telecom giant Ericsson has buckled under the pressure of European competition and will turn off the switch on a cable production plant in Sweden, leaving 350 employees without jobs. READ () »
Sweden has 'lower tax burden' than Senegal
While Sweden has a reputation for having one of the most painful tax bills in the world, a new report ranks Sweden 20th when comparing the tax burden on salaries when social security payments and salary brackets are taken into account. READ () »
Ericsson probed over suspected bribes
Swedish telecom equipment maker Ericsson is suspected of having bribed ministers in Romania in connection with being awarded a contract for the country's emergency number and is now under investigation in the United States. READ () »
Warning over 'long-term' Swedish export slump
Sweden's largest business confederation has gone out guns blazing, criticizing politicians for not facing up to the challenges of "a lost year for Swedish exports" in 2012. READ () »
'Lean hospital a sign of Swedish welfare reform'
A Stockholm hospital saved from closure by private health care providers has been hailed by the Economist as one of modern's Sweden public-private success stories. READ () »
H&M mulls production in South America and Africa
Swedish clothing giant H&M is looking into the possibility of sourcing its production to South America, Central America, and even Africa, chief executive Karl-Johan Persson said on Monday. READ () »
Nord Stream plans new gas pipelines
Gas pipeline firm Nord Stream will hold an information meeting on the Baltic island of Gotland on Monday to introduce a proposal to extend its controversial gas pipeline project. READ () »
- 17/05 Solna voted best place to live in Sweden »
- 17/05 Ikea founder rated fifth richest in the world »
- 17/05 LinkedIn profile lands Swede with hefty tax bill »
- 16/05 India in no rush to open first Ikea store »
- 16/05 H&M CEO to Bangladesh: raise minimum wages »
- 15/05 Sweden plummets in income equality ranking »
- 15/05 Pensioners to recruit ageing Swedish rockers »
- 15/05 Swedish shop hits back: our Converse are real »
- 15/05 Young Swedes forced to live with mum and dad »
- 14/05 Converse in bid to ban 'fake' shoes in Sweden »
- All you need to know to get a Swedish apartment »
- Finding my new home sweet home »
- Housing in Sweden: useful links »
- 'My rent has been hiked 20 percent - what are my rights?' »
- How do I find student housing in Sweden? »
- Buying a Swedish apartment: an auction by SMS »
- Getting a Swedish mortgage »
|
Property of the Week - Södermalm Published: 21 May 13 Photos by www.fastighetsbyran.se |
|
Published: 14 May 13 Photos by www.fastighetsbyran.se |
|
Property of the Week - Lidingö Published: 7 May 13 Photos by www.fastighetsbyran.se |
|
Property of the Week - Höganäs Published: 30 Apr 13 Photos by www.fastighetsbyran.se |
|
Published: 24 Apr 13 Photos by www.fastighetsbyran.se |
Register now for:
> Free use of noticeboard
> Special discounts
> Weekly news roundup
> Unlimited use of discuss
REFLECTIONS OF A TWITTER VIRGIN…. »
"I confess to having been reluctant to embrace Twitter. But I confess myself a bit of a convert. The great TV critic Clive James once said about “Dallas”, “I came to mock but I stayed to pray”. I wouldn’t go that far, but I have found my first two weeks on Twitter (@hmapauljohnston) both fun and informative. It’s been..." READ »
- 21/5 21:34 WEEK 21 (Stripes News)
- 20/5 15:25 Hockey. Hockey. Hockey. (Boston Blatte)
- 16/5 08:32 Be British, be sincere and be bold (Brits Mean Business)
Your comments about this article:
The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.
I just performed a quick search on a real state site, and there is almost twice as many houses in Sthlm area under 3.8M than over it. Definitely not median. Maybe average.
Sources?
- Banks have been getting looser with money, and overall rates have continued to come down in 2012.
- When rates go up, or if they change rules on repayments (most people I know only pay the interest!) the prices will go straight back down again.
Simples.