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Posh Östermalm pushed off top flat-price list

The Local · 21 Mar 2013, 07:36

Published: 21 Mar 2013 07:36 GMT+01:00

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A review of kronor per square metre prices in Stockholm by Swedish Estate Agency Statistics (Svensk Mäklarstatistik) shows that Vasastan, Norrmalm and the old town Gamla Stan hit an average of 65,510 kronor ($10,127) per square metre in February.

SEE ALSO: Check out the latest home listings in The Local’s Property Section

Östermalm, meanwhile, had flat buyers parting with an average of 64,823 kronor per square metre when properties changed hands in February.

"Maybe it is too early to talk about a trend," said analyst Claudia Wörmann to the Svenska Dagbladet newspaper, which analyzed the latest statistics.

"Smaller apartments usually have a higher square metre price and there are more big apartments in Östermalm," she offered as an explanation for the price.

SEE ALSO: Find your next home with The Local’s Rentals Section

Prices in the past twelve months in Östermalm did go up by eight percent, which was still less than the ten-percent climb in Vasastan, Norrmalm and Gamla Stan.

The average metre square price across all of inner-city Stockholm was 61,878 kronor, compared to 38,802 in central Gothenburg and 20,428 in Malmö.

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Your comments about this article

08:17 March 21, 2013 by Rishonim
TL, Ostermalm is as "POSH" as "Le Sentier, or Place Pigalle in Paris". Stop kissing up. It is unbecoming!
14:51 March 21, 2013 by cogito
O'malm is posh only if posh means boring and sterile.

I'd take the Sentier or Pigalle any day....
16:18 March 21, 2013 by EtoileBrilliant
Much as I like O'malm, it scores badly on transport links and good supermarkets. What's more it's a pain to drive to.
18:02 March 21, 2013 by bjorkon
Good supermarkets do not exist in Sweden. They're all absolutely atrocious.
10:18 March 22, 2013 by EmployedProfessional
I live here(tucked away in a quiet corner) but must say that Valhallavagen ain't no Park avenue with all of this heavy truck traffic, noise and pollution.

I wouldn't live on that road if you paid me!

If anyone really thinks it's" all tha"t posh,they need to get out and see the world a bit, looks more like the town of Bedrock to me.
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