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Swedish house prices rose gently but prices are still depressed comparatively

Wednesday, 11 July 2012
Swedish house prices have risen slight recently with the prices of condominiums going up within the past three months by one percent averagely nation wide.

Meanwhile, prices of large homes or what is known here as Villa,  rose by two percent, according to latest data from Swedish real estate brokers' association.

Looking at the past twelve months, however, house prices (Villas) have still remain depressed by two percent while the rates for apartments have gone up by three percent. Malmo stands out with greater price decline than in other regions over the past year.

House prices in Malmö tend to swing more than they do in Gothenburg and Stockholm, according to the Swedish Real estate association, Svensk Fastighetsförmedling.

One factor being attributed here is that Malmo has a large element of new houses being constructed thereby affecting the prices more than in Gothenburg and Stockholm, the real estate association say.

In addition, the Danes who used to bankroll Swedish houses in the Malmo metropolis have disappeared from the Scanian housing market because house prices in Copenhagen have fallen. It is cheaper to buy a house there now than looking abroad where prices in Sweden have actually gone up.

These ties with the Swedish saying which goes that "boat is good but home is best," for the Danes.
By Scancomark.se Team



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