(edit title) Purchasing an apartment For a non-eu national Options

[kempyyyy]

I'm currently on a work permit and I have read that Migrationsverket might reject your extension for some reason, mainly due to employer's mistake.

Now I'm thinking of buying an apartment, but I'm also wondering if say for example, I was able to buy an apartment and then MV rejects my extension in the future.

What happens to your apartment then? Since in that scenario, I need to leave Sweden.

Tack!

[champaignepapi]

You'd need to sell the apartment and move away.

[Saywhatwhat]

Unless you pay in full with money that has gone through the Swedish system in some way, so it is screened, I doubt you could get a place with a temporary work permit.

I don’t know. Try it out and see what happens

[Essingen55]

There is nothing to prevent a non-EU citizen from owning an apartment in Sweden. However, it won't be much use to you if you don't have a work permit here. You can't rent out the property without permission from the Housing Association, for which you need a valid reason. Such valid reasons do not - as far as I know - include the sort of circumstance that you might end up in.

[champaignepapi]

Yeah. Just google "Migrationsverket; Utvisning" and you'll find plenty of articles to read about families who köpte en lägenhet, har integrerat sig, herregud, blivit riktiga svenskar and then faced deportation. I would never buy an apartment here, but if you think it's a smart investment, wait until you get PUT.

[kempyyyy]

Thanks for the answers. Initally, my thoughts about this is just for investment purposes so I'm flirting with the idea.

[gsurya]

I am still waiting for my first visa extension, and already bought an apartment

Yes, that was a risk, but I got tempted into it by the bank loan & I fell in love with the place. Fingers crossed.

[kempyyyy]

It's really strange that they allow non permanent residents to buy properties with the risk of being deported.

[TheExpatEagle]

Thanks for the answers. Initally, my thoughts about this is just for investment purposes so I'm flirting with the idea.

Not sure how much of an investment it will be when you have to pay between 4000kr to 8000kr avgift (service charge) each month which you'll never get back. I also think the housing market has just about topped out and won't be climbing much so you'll be losing thousands each month.

[gsurya]

It's really strange that they allow non permanent residents to buy properties with the risk of being deported.

What? Many countries even allow non-residents to buy property, and you dont want legal immigrants on a valid work and residence permit to be allowed to?

[champaignepapi]

What? Many countries even allow non-residents to buy property, and you dont want legal immigrants on a valid work and residence permit to be allowed to?

But in other countries people don't tend to get deported due to a lack of insurance, four years after the work permit in question was granted. Ofc that work (and residence) permit holders should be allowed to buy a property, but I guess it's at their own risk when it comes to Swedish immigration procedures.

It sounds like you really enjoy living in Sweden, in that case why not? Congrats!

[kempyyyy]

But in other countries people don't tend to get deported due to a lack of insurance, four years after the work permit in question was granted. Ofc that work (and residenc ... (show full quote)

But in other countries people don't tend to get deported due to a lack of insurance, four years after the work permit in question was granted. Ofc that work (and residence) permit holders should be allowed to buy a property, but I guess it's at their own risk when it comes to Swedish immigration procedures.

It sounds like you really enjoy living in Sweden, in that case why not? Congrats! ... (hide full quote)

This is exactly my point, that's why I said there's a risk of being deported, then the ownership would be not so useful in that sense.

[champaignepapi]

I don't think it'd be useful even if you don't get deported lol. Unless you really want to spend your life here...errrm. It's hard (and not so flexible) to rent out the bostadsrätt.

An acquaintance of mine, from China, is buying an apartment atm for the sole reason of wanting to feel socially accepted at workplace, so that he can also talk about köksrenovering during fika. So if you have a lack of self-esteem...or brain cells, buying an apartment in this craphole can come off handy too.

[bonviveur]

anybody can buy real estate in sweden, no restrictions for where you come from

[Saywhatwhat]

anybody can buy real estate in sweden, no restrictions for where you come from

The question isn’t about where you come from. Although I’m sure that does make a difference in Sweden.


Regardless, knowing how anal Sweden is in many aspects, they will probably care to know where the money comes from so as to not contribute to money laundering.

Has anyone ever bought property in Sweden with money from a foreign account? Doubt it.

And I echo what others have said... investment buying property in Sweden, ha. There was maybe a small window of opportunity a few years ago but not anymore.