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House prices continues to rally mainly in the big Swedish cities

Thursday, 16 May 2013
Swedish house prices already defined as over valued will never stop rising further. New house market review show how real estate prices in Sweden continue to rise, especially in the Stockholm and Gothenburg areas.

Here, the urban sprawls of the country, house prices have never been as high as now though it was reported recently to have had a more moderate growth rate.

Prices of condominiums rose 4 percent in three months and 11 percent with the past twelve months. In the last month, prices have largely remained unchanged.
House prices rose by a more modest 1 percent in the last three months and 2 percent within the past twelve months.

"We have a stronger market for condominiums than for normal houses," says Ingrid Eiken, CEO Real Estate organisation, Mäklarsamfundet.
The number of houses and condominiums sold were slightly higher in February to April this year compared to the same period last year.

Mäklarstatistik, the organisation that provide market data has attributed the increase to seasonal variation. Looking at the prices of homes, like the last twelve months, it's virtually static in the country as a whole.

But in the Stockholm County, the average price today stand at Skr1 874 000. It is considerably cheaper to get a cottages in Örebro and Gävleborg where average prices are Skr771 000 and Skr798 000 respectively.
by Scancomark.com Team

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