Compared to other European nations, Sweden makes it much harder to get property. However, one advantage of Swedish property is that there are virtually no bad choices for residence. There are many various sorts of residences to pick from, including high-rise flats and isolated contemporary homes, whether you wish to live in the metropolis or the rural areas. Whether you are a local or foreigner, it is possible to find either equipped or empty residences for both purchase and rent.
This post is for you if you’re interested in learning more about the costs associated with owning a home in Sweden.
Sweden properties
It is a wonderful location to reside. The Well Living Ranking places Sweden higher than the majority of other nations on several well-being metrics. When you reside here, underfloor heating and high-speed online connectivity are both widely accessible. Furthermore, there are safety standards for every construction.
But it’s not simple to find a home to live in Sweden. Expatriates might wish to think about purchasing a home rather than leasing because of the challenging rental industry in Europe. Furthermore, purchasing homes is less expensive and less tire-some here.
House prices in Sweden
The typical price of a property in Sweden in 2022 will be 44,545 SEK per square meter or roughly 4,126 USD. In contrast, the average rate of a residence in Stockholm, the most pricey region, is about 62,918 SEK per square meter.
The most expensive homes are probably those in Lidingö, Solna, or Danderyd. On the other hand, in Nykvarn and Södertälje, you could locate a more reasonably priced home.
The following table shows the county-level average home rates in 2022:
| Region | Rate/m2 | Average cost of property | Value development |
| Malmö | 36,406 | 2,527,000 | -1,8 |
| Gothenburg | 48,991 | 3,238,000 | -4,6 |
| Stockholm | 62,918 | 3,953,000 | -10 |
| Gotland | 38,294 | 2,347,000 | -8,2 |
| Dalarna | 21,779 | 1,425,000 | -21,8 |
| Blekinge | 21,713 | 1,355,000 | -6,7 |
| Kalmar | 22,147 | 1,567,000 | 3,3 |
| Jönköping | 29,408 | 2,073,000 | 4,8 |
| Jämtland | 28,194 | 1,899,000 | -17 |
| Halland | 36,925 | 2,764,000 | 1,7 |
| Gävleborg | 20,576 | 1,442,000 | -3,4 |
| Östergötland | 29,783 | 2,043,000 | 0,5 |
| Örebro | 23,082 | 1,690,000 | -1,3 |
| Västra Götaland | 40,065 | 2,644,000 | -5,5 |
| Västmanland | 21,731 | 1,575,000 | -4,4 |
| Västernorrland | 15,880 | 1,109,000 | -2.3 |
| Uppsala | 39,213 | 2,449,000 | -2,5 |
This information indicates that Greater Stockholm is the most costly region to purchase a house in Sweden, and Västernorrland is the least pricey.
Swedish real estate predictions
In April, Swedish housing prices increased 6.0% year over year and decreased by 0.5% monthly, as predicted by experts. Unit and home prices both fell by 0.4% and 0.5% for the month, indicating that the downturn was widespread. While there was a decrease in land rates in each of the three biggest cities, Stockholm’s 0.9% market drop was primarily responsible for the drop in property rates. In contrast, Malmö’s apartment prices increased by a full 1.5%. In medium-sized cities, the monthly decline in home and flat prices was 0.3%.
As per experts, the future of the property market is filled with gloomy shadows. Trading volumes are rapidly falling, which points to impending unfavorable value growth.
As the nation’s forecasts for interest rates climb, the researcher predicts that housing values will reach their low in 2023. Households in Sweden react negatively to rising interest rates. Therefore, experts predict that by the end of 2023, property values will have decreased by 10%.
Cost of building a home
A typical Swedish home costs 22,500 SEK per square meter to construct. You can develop the structure for 17,500 SEK per sq meter if you use the least expensive method. More expensive residences cost at least 35,000 SEK to construct.
All labor and hardware costs related to constructing the residence are included in these expenditures. The designer’s services are not covered.
According to the calculations, a contemporary home will require around 45,398 SEK per square meter to design, construct, and complete. The highest price is in Stockholm, where a square meter costs approximately 62,164 SEK.
