Housing prices go through the roof

The cost of apartments in Sweden has risen by 16 percent over the last twelve months and there are no signs of a slow-down in the market.

In Stockholm city centre, the average price per square metre has now passed the 50,000 kronor ($7,100) mark, according to figures from Mäklarstatistik.

The current average in central Stockholm is 50,601 kronor per square metre.

House prices have also been on the increase, though not at the same rate. Over the last year the cost of buying a house in Sweden has risen by 6 percent.

“Over the next three months we are probably going to see house prices rising,” said Per Johnler, CEO of estate agency Fastighetsbyrån.

Properties in Sweden