Massive increase in flats for sale

The number of tenant-owner occupied apartments in Sweden is over 50 percent higher this year in comparison with last year, according to new figures published on Tuesday.

Massive increase in flats for sale

There are currently 14,674 flats listed as for sale in Sweden, according to the figures published by real estate site, equating to 58 percent more than October 1st 2010.

The highest increase has been recorded in Jönköping in central Sweden with the number available flats is up by 109 percent in comparison to last year.

Stockholm County has experienced a 72 percent rise in the supply of flats for sale, while the corresponding figures for Västra Götaland (Gothenburg) and Skåne (Malmö) are 64 percent and 51 percent respectively.

But despite the increase in the supply of apartments for sale, prices have continued to climb.

In Stockholm asking prices have for example climbed by 8 percent, but changes in how real estate agents market the properties could be the explanation.

“In Stockholm the asking prices have risen by 8 percent, but that could be connected to some extent with the agents adhering to a new system with a higher, so called accepted price,” said Ulf Magnusson, CEO of Bovision in a comment.

Magnusson underlined that while asking prices have climbed in other areas of the country as well, this doesn’t necessarily mean that sales prices have also risen.

According to Mäklarstatistik, a cooperation between estate agents and an industry group, flat sales prices across the country have risen by a modest 1 percent over the past year.

The corresponding statistics for Stockholm County, Västra Götaland and Skåne are 3 percent, 5 percent and -3 percent.

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Swedish star Lykke Li sells her bohemian chic Stockholm apartment: in pictures

Swedish indie electro pop singer Lykke Li is selling her bohemian chic Stockholm apartment. Step inside to see what a celebrity home looks like in Sweden.

Swedish star Lykke Li sells her bohemian chic Stockholm apartment: in pictures
Lykke Li. Photo: Per Larsson/TT

Singer-songwriter Lykke Li,  whose full name is Li Lykke Timotej Zachrisson, is one of Sweden's most famous pop exports with albums 'Youth Novels', 'Wounded Rhymes' and 'I Never Learn'.

Currently based in Los Angeles, she formed the band Liv in 2016, a supergroup consisting of her, Andrew Wyatt, Pontus Winnberg, Björn Yttling and Jeff Bhasker. They released their third single, 'Heaven', in June this year.

The Swedish star's Stockholm bostadsrätt (a type of co-operative home ownership common in Sweden) in the Zinkensdamm area of trendy hipster island Södermalm is now on the market via property agents ESNY, for 3,990,000 kronor (almost $500,000), or 99,750 kronor per square metre.

Described as “Söder bohemian chic,” the two-room apartment measures 40 square metres and is on the top floor of a four-storey building (there is no elevator) built in the late 19th century.

Apartment prices in Stockholm have gone up in recent years, and some experts have warned the capital could be at risk of a housing bubble. The average price of a bostadsrätt in the Södermalm area in the past 12 months was 89,177 kronor per square metre, which is still far less than in many other capital cities.

IN PICTURES: Click here to step inside Lykke Li's Stockholm apartment

The view from the balcony. Photo: Jesper Florbrant/ESNY