Key information about House Prices Growth

• Sweden house prices grew 2.6% YoY in Dec 2024, following an increase of 1.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1987 to Dec 2024, with an average growth rate of 7.1%.
• House price data reached an all-time high of 20.8% in Jun 1989 and a record low of -15.3% in Dec 1992.

Home Ownership Rate in Sweden decreased to 64.80 percent in 2024 from 64.90 percent in 2023. This dataset provides the latest reported value for - Sweden Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Housing Index in Sweden decreased to 936 points in the first quarter of 2025 from 937 points in the fourth quarter of 2024. This dataset provides - Sweden House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Residential Property Prices for Sweden (QSEN368BIS) from Q1 1971 to Q4 2024 about Sweden, residential, housing, and price.

Residential Property Prices in Sweden increased 2.36 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Sweden Residential Property Prices.

House Price Index YoY in Sweden increased to 3 percent in June from 2 percent in May of 2025. This dataset includes a chart with historical data for Sweden House Price Index YoY.

Mortgage Rate in Sweden decreased to 3.03 percent in May from 3.13 percent in April of 2025. This dataset includes a chart with historical data for Sweden Average Interest Rate on New Agreements for Mortgages to Households.

House Price Index MoM in Sweden increased to 0 percent in May from -1 percent in April of 2025. This dataset includes a chart with historical data for Sweden House Price Index MoM.

Sweden Business Survey: COVID-19 Effect: Turnover: Construction: BC: Houses: Increased: 1 to 10 Percent data was reported at 5.000 % in 11 Aug 2021. This records an increase from the previous number of 3.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Construction: BC: Houses: Increased: 1 to 10 Percent data is updated daily, averaging 2.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 25.000 % in 14 Apr 2021 and a record low of 0.000 % in 09 Dec 2020. Sweden Business Survey: COVID-19 Effect: Turnover: Construction: BC: Houses: Increased: 1 to 10 Percent data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S008: Business Survey: COVID-19 Effect: Turnover (Discontinued).

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.

Sweden Business Survey: COVID-19 Effect: Turnover: Construction: BC: Houses: Decreased: 1 to 25 Percent data was reported at 13.000 % in 11 Aug 2021. This records a decrease from the previous number of 14.000 % for 09 Jun 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Construction: BC: Houses: Decreased: 1 to 25 Percent data is updated daily, averaging 38.000 % from May 2020 (Median) to 11 Aug 2021, with 19 observations. The data reached an all-time high of 73.000 % in 10 Jun 2020 and a record low of 13.000 % in 11 Aug 2021. Sweden Business Survey: COVID-19 Effect: Turnover: Construction: BC: Houses: Decreased: 1 to 25 Percent data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.S008: Business Survey: COVID-19 Effect: Turnover (Discontinued).

In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 27 European countries has remained relatively stable over the past few years. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2023, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria - one of the most expensive European countries to buy a new dwelling in - the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2023, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

The average transaction price of new housing in Europe was the highest in Norway, whereas existing homes were the most expensive in Austria. Since there is no central body that collects and tracks transaction activity or house prices across the whole continent or the European Union, not all countries are included. To compile the ranking, the source weighed the transaction prices of residential properties in the most important cities in each country based on data from their national offices. For example, in Germany, the cities included were Munich, Hamburg, Frankfurt, and Berlin. House prices have been soaring, with Sweden topping the ranking Considering the RHPI of houses in Europe (the price index in real terms, which measures price changes of single-family properties adjusted for the impact of inflation), however, the picture changes. Sweden, Luxembourg and Norway top this ranking, meaning residential property prices have surged the most in these countries. Real values were calculated using the so-called Personal Consumption Expenditure Deflator (PCE), This PCE uses both consumer prices as well as consumer expenditures, like medical and health care expenses paid by employers. It is meant to show how expensive housing is compared to the way of living in a country. Home ownership highest in Eastern Europe The home ownership rate in Europe varied from country to country. In 2020, roughly half of all homes in Germany were owner-occupied whereas home ownership was at nearly ** percent in Romania or around ** percent in Slovakia and Lithuania. These numbers were considerably higher than in France or Italy, where homeowners made up ** percent and ** percent of their respective populations.For more information on the topic of property in Europe, visit the following pages as a starting point for your research: real estate investments in Europe and residential real estate in Europe.

In 2023, the final electricity consumption of households in Sweden amounted to nearly ** terawatt-hours. The household type which had the highest consumption was small houses, with more than **** terawatt-hours recorded that year. Meanwhile, holiday houses accounted for just over ** percent of the household electricity consumption in Sweden.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In April 2025, house prices increased by 3.5 percent. As of late 2024, the average house price was close to 290,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

The mortgage prevalence among homeowners in Europe varied widely across different countries in 2023. About ** percent of the total population in Norway was a homeowner, with ** percent paying out a mortgage loan. Conversely, only *** percent of households in Romania had a mortgage, with nearly ** percent being homeowners. Meanwhile, an average of ** percent of the total population within the EU-27 was an owner-occupant with a mortgage or housing loan. Homeownership depends on multiple factors, such as housing policy, the macroeconomic situation, the state of the housing sector, and the availability of finance. Countries with more developed mortgage markets tend to have lower mortgage interest rates.