Housing Index in Sweden decreased to 942 points in the fourth quarter of 2024 from 943 points in the third quarter of 2024. This dataset provides - Sweden House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The real estate prices in Sweden increased significantly between 2008 and 2023. In 2023, the price index reached 455, with 1990 as base year. This was the first decrease in house prices since 2012. Despite the decline, prices in 2023 were still notably higher than before the COVID-19 pandemic. One of the reasons was the slowdown in construction, which hampered the supply of new homes. Rented dwellings are popular among Swedes Sweden is one of the countries in Europe with the most renters among the population. Only about 64 percent of people lived in an owner-occupied home in 2022. Only a few countries, such as France, Denmark, Germany, and Austria, had lower homeownership rates. How many rooms do Europeans have at home? As of 2021, the European countries which had been reported to have the highest number of rooms per person were Ireland and Malta, with 2.3 rooms per person on average. Sweden ranked fifteenth on the list, where the average number of rooms per person was 1.9.

House prices decreased in all Swedish counties in 2023. The highest average purchase price for one- and two-residential property buildings in Sweden was in Stockholm, where the average price amounted to 6.7 million Swedish kroner in 2023, approximately twice the nation average house price. The lowest average purchase price that year was in Västernorrland, which was around 1.7 million Swedish kroner.

Graph and download economic data for Real Residential Property Prices for Sweden (QSER628BIS) from Q1 1970 to Q3 2024 about Sweden, residential, HPI, housing, real, price index, indexes, and price.

The house price to income ratio in Sweden in the first quarter of 2024 has declined notably since its peak in 2022. The house price to income ratio is calculated by dividing nominal house prices by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. Sweden's index score in the first quarter of 2024 amounted to 96.5, which means that income growth has outpaced house price growth by 3.5 percent since 2015. This was lower than the average house price to income reatio in the Euro area 16.

The average purchase price for one- and two-dwelling houses in Sweden declined in 2023, after a 20-year period of uninterrupted growth. In 2023, the average house price amounted to approximately 3.6 million Swedish kroner, a decline from 3.9 million Swedish kroner, but an increase from less than a million Swedish kroner since 2000. Nationwide, Stockholm was the Swedish county with the highest house prices.

In the first quarter of 2024, the house price index in Sweden stood at 130.3 index points. In the documented period, the second quarter of 2022 had the highest housing price index points with 142.86 points.

House prices in Sweden climbed rapidly in 2021 but according to the forecast, this trend is going to reverse in the next two years. In 2023, house prices are expected to fall by 13 percent, followed by a 1.5 percent increase in 2024. Stockholm is Sweden's most expensive city for residential real estate, with the average square meter price for an apartment at almost 8,000 euros in 2022.

Stockholm was the city with the most expensive apartments in Sweden in 2024. An apartment in Stockholm cost approximately 7,700 euros per square meter as of the first quarter of the year, while in Gothenburg, the average price was roughly 4,700 euros per square meter. Malmö was most affordable, with an average price of 2,750 euros per square meter. In Sweden, about 65 percent of the population lives in an owner-occupied home. How do prices in Sweden compare to the rest of Europe? The Swedish capital ranked among the 10 most expensive cities in Europe for buying an apartment in 2024. Becoming the owner of an apartment in Stockholm was slightly more affordable than in Amsterdam, but slightly more expensive than in Innsbruck, Frankfurt and Oslo. Is housing in Sweden affordable? The growth of house prices in Sweden slowed down in 2022, allowing incomes to catch up and affordability, as measured by the house price-to-income ratio, to improve. Generally, Sweden has a better housing affordability than most OECD countries that report the indicator.

Sweden SE: Rent Price Index: sa data was reported at 119.105 2015=100 in 2024. This records an increase from the previous number of 113.178 2015=100 for 2023. Sweden SE: Rent Price Index: sa data is updated yearly, averaging 63.966 2015=100 from Dec 1963 (Median) to 2024, with 62 observations. The data reached an all-time high of 119.105 2015=100 in 2024 and a record low of 4.616 2015=100 in 1963. Sweden SE: Rent Price Index: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Sweden – Table SE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual.

Sweden SE: Price to Income Ratio: sa data was reported at 101.076 2015=100 in 2023. This records a decrease from the previous number of 111.448 2015=100 for 2022. Sweden SE: Price to Income Ratio: sa data is updated yearly, averaging 81.496 2015=100 from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 113.690 2015=100 in 2021 and a record low of 50.997 2015=100 in 1993. Sweden SE: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Sweden – Table SE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

Sweden Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: Greater Malmo data was reported at 1,095.000 1981=100 in Sep 2018. This records an increase from the previous number of 1,069.000 1981=100 for Jun 2018. Sweden Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: Greater Malmo data is updated quarterly, averaging 399.000 1981=100 from Mar 1986 (Median) to Sep 2018, with 131 observations. The data reached an all-time high of 1,095.000 1981=100 in Sep 2018 and a record low of 110.000 1981=100 in Mar 1986. Sweden Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: Greater Malmo data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.EB005: Real Estate Price Index: 1981=100.

After growing by about 10 percent in 2921, Sweden's house prices started to decrease in the second half of 2022. The correction was the strongest in the final quarter of the year. As of the third quarter of 2023, the year-on-year decline was 2.93 percent. When accounting for inflation, the decrease was even higher, at eight percent.

Key information about Sweden Nominal Residential Property Price Index

• Sweden Nominal Residential Property Price Index was reported at 179.814 2010=100 in Sep 2024.
• This records an increase from the previous number of 178.642 2010=100 for Jun 2024.
• Sweden Nominal Residential Property Price Index data is updated quarterly, averaging 39.288 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 193.145 2010=100 in Jun 2022 and a record low of 6.589 2010=100 in Mar 1970.
• Sweden Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Sweden SE: Standardised Price-Rent Ratio: sa data was reported at 162.261 Ratio in 2023. This records a decrease from the previous number of 177.957 Ratio for 2022. Sweden SE: Standardised Price-Rent Ratio: sa data is updated yearly, averaging 93.284 Ratio from Dec 1970 (Median) to 2023, with 54 observations. The data reached an all-time high of 177.957 Ratio in 2022 and a record low of 50.242 Ratio in 1996. Sweden SE: Standardised Price-Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Sweden – Table SE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices. The long-term average is calculated over the whole period available when the indicator begins after 1980 or after 1980 if the indicator is longer. This value is used as a reference value. The ratio is calculated by dividing the indicator source on this long-term average, and indexed to a reference value equal to 100.

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the rising base rate environment in the years since, which have inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Revenue is forecast to fall at a compound annual rate of 4.0% over the five years through 2024 to €588.2 billion, including an anticipated drop of 3.1% in 2024. However, profitability remains strong, with the average industry profit margin standing at an estimated 41.6% in 2024. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest hike, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact – properties in many areas aren’t suitable due to their lack of green credentials. Revenue is slated to inch upwards at a compound annual rate of 3.1% over the five years through 2029 to €651.3 billion. Although economic conditions are set to improve in the short term, elevated mortgage rates will continue to weigh on demand for residential property. However, the warehousing market is positioned for solid growth, benefitting from the rise in e-commerce. This is particularly relevant to Poland, which leads the EU warehouse market.

Sweden Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: Smaland with the Islands data was reported at 652.000 1981=100 in Sep 2018. This records an increase from the previous number of 639.000 1981=100 for Jun 2018. Sweden Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: Smaland with the Islands data is updated quarterly, averaging 252.000 1981=100 from Mar 1986 (Median) to Sep 2018, with 131 observations. The data reached an all-time high of 652.000 1981=100 in Sep 2018 and a record low of 105.000 1981=100 in Mar 1986. Sweden Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: Smaland with the Islands data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.EB005: Real Estate Price Index: 1981=100.

The Scandinavia Prefab Homes Market Report is segmented by Type (Single Family and Multi-Family), and by Country (Sweden, Norway, and Denmark).

Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: West Sweden data was reported at 838.000 1981=100 in Mar 2018. This records a decrease from the previous number of 840.000 1981=100 for Dec 2017. Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: West Sweden data is updated quarterly, averaging 282.000 1981=100 from Mar 1986 (Median) to Mar 2018, with 129 observations. The data reached an all-time high of 840.000 1981=100 in Dec 2017 and a record low of 115.000 1981=100 in Mar 1986. Real Estate Price Index: 1 or 2 Dwelling Buildings: PL: West Sweden data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.EB005: Real Estate Price Index: 1981=100.

Forecast: Housing Cost Overburden in Sweden 2024 - 2028 Discover more data with ReportLinker!