Swedish property prices climb back to all-time high

Swedish property prices climb back to all-time high
The coronavirus crisis appears to have had little effect on property prices. Photo: Fredrik Sandberg/TT
Property prices are back at record levels in Sweden despite the corona crisis, apart from two cities.

“Despite one of the darkest years in history for the Swedish economy following the corona crisis, property prices continue to stand firm. Apart from apartment prices in greater Stockholm and Gothenburg, which were both hit by significant spread of infection, property prices in all regions are back at an all-time high,” said Robert Boije, chief economist at state mortgage bank SBAB, which compiled the figures together with property site Booli.

Apartment prices rose 2.5 percent in August in greater Stockholm compared to the previous month, and 0.5 percent in greater Malmö. They remained unchanged in greater Gothenburg, however.

In northern Sweden, apartment prices went up 1.8 percent, while apartments in central and southern Sweden rose by 0.5 percent and 0.8 percent, respectively.

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Meanwhile, house prices climbed 5 percent in greater Gothenburg and Malmö, and 2.1 percent in greater Stockholm. The cost of buying a house in northern Sweden increased by a whopping 7.1 percent, while central and southern Sweden recorded increases of 2.1 and 0.5 percent.

House prices in northern Sweden have so far this year gone up by 23.8 percent. Apartment prices have meanwhile increased the most in southern Sweden, 7.9 percent.

Properties in Sweden

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