Swedish house prices continue to rise

Swedish house prices continue to rise
The average Swedish house has increased in value by 9 percent in the last twelve months. In the last quarter alone the average increase across the country was 4 percent, according to Statistics Sweden (Statistiska centralbyrån, SCB).

Almost all of Sweden’s homeowners are sitting pretty with rising prices across the board. Only Jämtland, Kalmar and Gävleborg have seen no increase since the first quarter of the year.

The greatest rise so far this year has been in Västernorrland, where house prices have shot up by 11 percent in the last three months. Jönköping and Gotland follow close behind with an increase of 7 percent since the second quarter, while Stockholm and Västmanland have both experienced a 6 percent rise in prices.

The average price of a house in Sweden is now 1.7 million kronor. For that amount Swedish buyers will be able to pick up a 107 square metre, 4 bedroom house in Södertälje, a 164 square metre, 6 bedroom house with 2 hectares (5 acres) of land in Tranås, Skåne, or an 87 square metre house in Visby, Gotland.

In the greater Stockholm area the average house price – which in the last quarter increased faster than at any time in the last seven years – is 3.2 million kronor, the highest in the country. In Malmö the average price is 2.6 million kronor, up 2 percent since the first quarter of 2007, while in Gothenburg the average price is 2.5 million kronor, up 5 percent since March.

Properties in Sweden