• Sweden's news in English

City flat prices hit all-time high in Sweden

The Local · 14 Mar 2013, 10:59

Published: 14 Mar 2013 10:59 GMT+01:00

Facebook Twitter Google+ reddit

Prices for tenant-owned apartments (bostadsrätter) rose by 3 percent in three months, but the price for single-family houses (villor) has remained stable for some time, according to fresh figures from Swedish real estate statistics firm Mäklarstatistik.

Prices are particularly high in Stockholm and Gothenburg, Sweden's two biggest cities, while Malmö, the country's third largest city, is more affordable.

The average price for a tenant-owned apartment in central Stockholm is now 62,000 kronor ($9,600) per square metre. In central Gothenburg, the price is nearly 39,000 kronor and in central Malmö, the average is around 20,000 kronor.

"It is three times cheaper to buy a home in Malmö than in Stockholm," Lars-Erik Nykvist, CEO of Swedbank-owned broker Fastighetsbyrån, told news agency TT.

Nykvist said that home prices in Sweden are now at an "all-time high".

The prices in Malmö have been affected by the decline in housing prices in neighbouring Denmark as well as by the fact that more homes are being built there than in the rest of Sweden.

Nykvist does not believe there will be any abrupt changes in the housing market in the near future.

"Supply and demand can change pretty rapidly but we believe this trend with small price changes will persist during the spring season, too."

According to statistics published by housing listings website Hemnet, the supply of tenant-owned apartments in Stockholm dropped by 8.4 percent in the first week of March compared to the same period last year.

Nationally, the supply dropped by 8.5 percent, while the supply of single-family homes fell by 5 percent.

Analytics firm Valueguard-KTH's housing price index (Hox) also points to rising housing prices.

Story continues below…

According to the Hox-index, which is based on data from Mäklarstatistik and the Swedish land surveyor Lantmäteriet, the price of both tenant-owned apartments and single-family homes rose by 1.1 percent in the past month.

TT/The Local/nr

Follow The Local on Twitter

The Local (news@thelocal.se)

Facebook Twitter Google+ reddit

Your comments about this article

11:45 March 14, 2013 by Mib
It's the old age principle of "supply & demand." Despite an uncertain economy and fuelled by disgraceful rental waiting lists + lack of building new homes and ridiculous rental controls...this is the result and nobody wins...cause it's not real money unless you sell up and move to a smalled place, cheaper location/country. If you want to stay in the same place, you will be out of pocket with paying 22% CGT, which even offset is 0.5% each year + estate agent selling fees + removals + some refurbishment. It's all an illusion everyone....except for 1st time buyers who can only watch and be frustrated that not only can they not afford a decent living space, but it's almost impossible to find a place to rent.....and the politicians remain silent or at bes say some consoling words and then do NOTHING!!...and that is ALL politicians, cntre, left and right.
14:24 March 14, 2013 by John Marble
As experienced by other European states before, there are significant risks involved in these ever growing prices and waiting lists.

It can lead to social segregation and uncontrollable debt issues in times of economic distress. Housing is not your everyday commodity; everyone needs a place to live.

Finally, Sweden will lose economic and innovation power when people cannot live near to economic centres. The way the situation is, I cannot recommend anyone living and working or studying in Stockholm and Uppsala.
09:35 March 15, 2013 by goldenabdullah
I'm rich! RICH!!! And I will keep getting richer I see. God bless Sweden. This is a great country.
Today's headlines
Swedish PM visits Iraq for talks on Isis
Stefan Löfven (left) and Haider al-Abadi (right). Photo: Henrik Montgomery/TT

Stefan Löfven will discuss the offensive on Mosul with Iraqi Prime Minister Haider al-Abadi.

Illicit abattoir kept more than 100 bulls' penises
A couple of young bulls not related to the story. Photo: Jonas Ekströmer/TT

Dried cattle genitalia, goats' heads and hundreds of litres of lard were just a few of the many strange finds discovered when police raided a property in Sweden.

This is officially Sweden's most beautiful beard
The most beautiful beard in Sweden. Photo: Memo Göcek

According to a jury of barbers and 'well known bearded profiles', that is.

Presented by Invest Stockholm
One expat's strategy for making friends in Stockholm

You might think it’s hard to make friends in a new city. But if at first you don’t succeed – try something else!

Injured Swedish photographer protected by 'guardian angel'
Swedish photographer Paul Hansen on another occasion. Photo: Fredrik Sandberg/TT

Photographer Paul Hansen thanked his lucky stars for surviving sniper fire while covering the battle for the Isis-held city of Mosul in Iraq.

How Sweden is trying to smooth relations with Saudis
Swedish Prime Minister Stefan Löfven meeting Saudi Arabia's Trade Minister Majid bin Abdullah Al Qasabi. Photo: Henrik Montgomery/TT

Sweden's Prime Minister Stefan Löfven has visited Saudi Arabia a year and a half after relations turned frosty in a major diplomatic row.

My Swedish Career
'Swedish people love it, but they find it quite odd'
Scottish entrepreneur William Macdonald. Photo: Michael Campanella

Meet the web developer and entrepreneur using traditional Scottish ceilidh dancing to break the ice with Swedes.

Swedish photographer shot near Mosul
Hansen was being operated on in the Iraqi city of Erbil on Sunday. Photo: Nora Lorek/ TT

Paul Hansen, a photographer working for Swedish daily Dagens Nyheter, has sustained light injuries after being hit by what appears to be a sniper while covering the battle for the Isis-held city of Mosul in Iraq.

Trollhättan remembers school attack victims
'It was an attack on all of Sweden,' Education Minister Gustav Fridolin said. Photo: Thomas Johansson/ TT

Hundreds of people on Saturday turned out for a torchlight procession in the small town of Trollhättan in southwestern Sweden to honour the victims of last year’s deadly school attack there.

Sweden wants emission- free cars in EU by 2030
Photo: Jessica Gow/ TT

Sweden's environment minister on Saturday urged the European Union to ban petrol and diesel-powered vehicles from 2030.

Sponsored Article
This is Malmö: Football capital of Sweden
People-watching: October 21st-23rd
Sponsored Article
Where is the Swedish music industry heading?
Fury at plans that 'threaten the IB's survival' in Sweden
Analysis & Opinion
Are we just going to let half the country die?
Blog updates

6 October

10 useful hjälpverb (The Swedish Teacher) »

"Hej! I think the so-called “hjalpverb” (auxiliary verbs in English) are a good way to get…" READ »


8 July

Editor’s blog, July 8th (The Local Sweden) »

"Hej readers, It has, as always, been a bizarre, serious and hilarious week in Sweden. You…" READ »

Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Angry elk chases Swede up a lamp post
Sponsored Article
Stockholm: creating solutions to global challenges
The Local Voices
'Alienation in Sweden feels better: I find myself a stranger among scores of aliens'
People-watching: October 20th
The Local Voices
A layover at Qatar airport brought this Swedish-Kenyan couple together - now they're heading for marriage
Sponsored Article
Swedish for programmers: 'It changed my life'
Swede punches clown that scared his grandmother
Sponsored Article
Top 7 tips to help you learn Swedish
Fans throw flares and enter pitch in Swedish football riot
Could Swedish blood test solve 'Making a Murderer'?
Sponsored Article
‘Extremism can't be defeated on the battlefield alone’
Property of the week: Linnéstaden, Gothenburg
Sponsored Article
Stockholm: creating solutions to global challenges
Swedish school to build gender neutral changing room
People-watching: October 14th-16th
Sponsored Article
Why you should 'grab a chair' on Stockholm's tech scene
Man in Sweden assaulted by clowns with broken bottle
Sponsored Article
Where is the Swedish music industry heading?
Nobel Prize 2016: Literature
Sponsored Article
Last chance to vote absentee in the US elections
Watch the man who discovered Bob Dylan react to his Nobel Prize win
Record numbers emigrating from Sweden
People-watching: October 12th
The Local Voices
'Swedish startups should embrace newcomers' talents - there's nothing to fear'
How far right are the Sweden Democrats?
Property of the week: Triangeln, Malmö
Sweden unveils Europe's first elk hut
People-watching: October 7th-9th
The Local Voices
Syria's White Helmets: The Nobel Peace Prize would have meant a lot, but pulling a child from rubble is the greatest reward
Missing rune stone turns up in Sweden
Nobel Prize 2016: Chemistry
jobs available