Sweden's average home price at 'record high'
Published: 7 Feb 13 15:13 CET | Print version
Online: http://www.thelocal.se/46066/20130207/
New housing figures reveal that would-be homeowners will be set back back 1 million kronor ($157,634) on average when buying a house anywhere in Sweden.
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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.
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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.
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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.
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.