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