Property prices in Sweden

sweden_houses_stockholm

Property prices in Sweden

Sweden is a unique and memorable country, full of stunning natural features, and is renowned for its tranquil atmosphere and iconic approach to design. Recent television dramas, like Wallander, and popular books like The Girl with the Dragon Tattoo have not only increased tourism in the nation but have inspired many people to settle in Sweden permanently.

But is Sweden an affordable option when it comes to buying or renting property?

Here we see how current average property prices in Sweden compare with the UK and take a look at the average property prices in some of the most popular Swedish regions.

 Comparing Sweden with the UK

UK

Sweden

Rent Per Month (Mean) In British Pounds

1 Bed Apartment in City

600.00 548.14
1 Bed Apartment outside City 500.00

363.07

Buy Apartment Price (Mean) In British Pounds

Price per m2 in City

2,309.89

4,484.76

Price per m2 outside City 2,000.00

2,167.63

Salaries and Financing (Mean) In British Pounds

Median Monthly Disposable Salary (After Tax)

1,600.00 1,993,23
Yearly Mortgage Interest Rate in Percentages 4.50

3.98

 

Although renting property is slightly cheaper in Sweden than in the UK, property purchase prices can be substantially higher – although disposable monthly income is also notably more.

However, location is king and property prices can vary greatly depending on the area of Sweden you’re considering. To that end we will now compare property prices in 3 of the most popular Swedish locations: Stockholm, Malmo and Gothenburg.

Before we get down to the figures here are a few quick facts about these locations!

Quick Stockholm Facts

Gamla Stan in Stockholm is one of the biggest and best preserved medieval city centres in Europe and is one of Sweden’s top attractions.

The average summer temperature in Stockholm is 17°C while the average winter temperature is -1°C.

A third of Stockholm’s population was wiped out by plague in the 18th century.

Quick Malmo Facts

In Malmo the average summer temperature is 15°C. In the winter the average temperature is 0°C.

Malmo is home to the Malmohus Castle, one of Sweden’s oldest renaissance castles. The impressive building is now used to hold four museums.

In the Middle Ages Malmo played a primary role in the European herring trade.

Quick Gothenburg Facts

86 tons of fish are sold at the Gothenburg fish auction on a weekly basis.

Gothenburg is known to many as ‘Little London’.

The average summer temperature in Gothenburg is 15°C while the average winter temperature is 1.5°C.

Rent Per Month (Mean) In British Pounds

Stockholm

Malmo

Gothenburg

1 Bed Apartment in Centre

797.29 647.80 498.31

1 Bed Apartment outside of Centre

398.65 548.14

298.98

3 Bed Apartment in Centre 1,494.94 1,096.27

996.61

3 Bed Apartment Outside Centre 797.29 921.87

597.97

 

Buy Apartment Price (Mean) In British Pounds

Stockholm

Malmo

Gothenburg

Price per m2 to Buy Apartment in City Centre

5,481.37 2,441.70 3,852.31
Price per m2 to Buy Apartment outside City Centre 2,989.84 1,694.24

1,993.23

 

Salaries and Financing (Mean) In British Pounds
Stockholm

Malmo

Gothenburg

Median Monthly Disposable Salary (After Tax)

1,993.23 1,793.90 2,142.72
Yearly mortgage Interest Rate in Percentages 3.80 3.75

2.5

 

Interestingly, although Stockholm (the Swedish capital) is the most expensive option when it comes to renting property in a city centre, Malmo has the highest priced rental properties if you’re looking to settle away from all the hustle and bustle.

However, if you’re more interested in buying a property Stockholm is the priciest location whether the property’s within the city centre or outside of it. Purchasable property is cheaper in Malmo than in the other two areas we looked at by quite a considerable margin.

But Gothenburg could be the Swedish location for anyone wanting to move to the nation on a temporary basis. Not only is renting property in Gothenburg far cheaper than renting property in Malmo and Stockholm, average monthly disposable income in the city is far higher, coming in at £2,142.72.

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