Housing bubble shows no signs of bursting
TT/The Local · 10 Sep 2007, 11:44
Published: 10 Sep 2007 11:44 GMT+02:00
Over the last twelve months the cost of buying a flat has increased by an average of 26 percent. House prices have risen by 11 percent over the same period.
"The housing market has made a strong start to the autumn and, like the Swedish economy in general, is showing no signs of a slowdown," Peeter Pütsep, CEO of Svensk Fastighetsförmedling told news agency TT.
Prices have skyrocketed in Sweden's three largest urban areas, Stockholm (27 percent), Gothenburg (18 percent) and Malmö (22 percent).
Having examined figures from estate agents around the country, Mäklarstatistik predicts that prices will continue rising throughout the autumn, albeit more slowly than before.
In August prices rose by 2.5 percent in Stockholm and 5 percent nationwide compared to July. Prices in the Öresund region remained unchanged in August.
Anybody considering buying an apartment in central Stockholm can now expect to pay just over 55,000 kronor ($7,940) per square metre.