A Swedish newspaper has highlighted just how rapidly house prices are increasing in Stockholm, revealing that Stockholmers who bought a large apartment in the city in 2006 would have earned 1,200 kronor ($147 dollars) per day on their home over the last 10 years.
Anyone with dreams of owning a house in Stockholm's posher suburbs may want to consider that the same price will give them 23 houses in a slew of smaller towns across Sweden.
A survey, carried out by the Association of Swedish Real Estate Agents (Mäklarsamfundet) on 1,800 realtors countrywide, shows that 54 percent believe that small houses prices will fall in the near future.
Sweden's National Housing Credit Guarantee Board (Bostadskreditnämnd - BKN) has warned that spiralling household mortgage debt will dramatically impact house prices in the near future.
Around half of Swedish households expect house prices to continue to rise with only a fifth expecting a fall, according to a new survey published on Monday.
The increase in Swedish housing prices has ceased with prices in greater Stockholm falling by 4 percent over the past month, according to new figures from Mäklarstatistik which attributes the impact of the pending general election.
Apartments prices fell in Stockholm and Gothenburg in May, with house prices remaining stable, according to new broker statistics which show that supply remains larger than normal.
Prices for apartments in Stockholm fell in April, with market commentators claiming that this could indicate a broader fall in the hitherto booming housing market across Sweden.
Apartment prices in the greater Stockholm and greater Gothenburg areas hit record highs in the first quarter, according to new statistics from Mäklarstatistik.
The price of the average Swedish house has passed the two million kronor ($300,000) mark for the first time new figures from Statistics Sweden (SCB) show.
