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Sweden's house prices continue to rise questioning a possible housing bubble in the horizon

Monday, 15 July 2013
Swedish real estate prices for one- or two-dwelling buildings increased by almost 2 percent during the second quarter 2013 compared to the previous quarter. Prices increased by nearly 3 percent on an annual basis during the last quarter compared to the same quarter last year.

Statistic Sweden (SCB) which has crunched the numbers reports that increasing prices were reported in 14 out of 21 counties between the two most recent quarters, while decreasing prices were reported in 5 counties. The largest increase was reported in Jämtland County by 11 percent, followed by Norrbotten County by 6 percent. The largest decrease was reported in Kronberg County. In the metropolitan areas of Greater Stockholm and Greater Gothenburg prices increased by 2 respectively 1 percent, while prices in Greater Malmö was unchanged.

House prices increased in 14 out of 21 counties on a yearly basis. The largest increase in price was reported in Jämtland County by 8 percent, followed by Jönköping County by 7 percent. The largest decrease in price was reported in Västerbotten County by 7 percent. In the metropolitan areas of Greater Malmö, Greater Gothenburg and Greater Stockholm prices increased between 2 and 4 percent.

The average real estate price for a one- or two-dwelling building during the second quarter 2013 was SEK 2.1 million. In the metropolitan areas the average price ranges from SEK 2.7 million in Greater Malmö to just under 3.9 million in Greater Stockholm. 31 percent of the total number of purchases made during the second quarter of 2013 was made in the three metropolitan areas.
Scancomark.com Team / Source SCB

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