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.

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.

Graph and download economic data for Real Residential Property Prices for Sweden (QSER628BIS) from Q1 1970 to Q4 2024 about Sweden, residential, HPI, housing, real, price index, indexes, and price.

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.

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.

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.

CEIC calculates House Prices Growth from quarterly Real Estate Price Index. Statistics Sweden provides Real Estate Price Index with base 1981=100. House Prices Growth covers 1 or 2 dwelling buildings for permanent living only.

The Swedish real estate market, specifically within the luxury segment encompassing apartments, condominiums, landed houses, and villas, exhibits robust growth potential. Driven by a strong economy, increasing high-net-worth individuals, and a limited supply of premium properties, particularly in key cities like Stockholm and Malmö, the market is experiencing a Compound Annual Growth Rate (CAGR) exceeding 4%. This growth is further fueled by a rising interest in sustainable and technologically advanced properties, a trend observed globally but particularly pronounced in environmentally conscious Sweden. The market segments show varied performance, with the Stockholm market consistently outperforming other cities due to its concentration of high-income earners and limited land availability. While increasing interest rates and potential economic slowdown pose some restraint, the underlying demand for luxury properties remains strong, suggesting continued market expansion in the forecast period (2025-2033). Key players like Sotheby's International Realty and Fantastic Frank are well-positioned to capitalize on this growth, although competition is intensifying with the emergence of new entrants and online platforms. The forecast suggests continued expansion, with the market size projected to increase steadily throughout the forecast period. However, the market's performance will likely be influenced by macroeconomic factors such as inflation, interest rate fluctuations, and overall economic stability. Furthermore, government policies related to housing and taxation could play a significant role in shaping market dynamics. Understanding these nuances is crucial for investors and stakeholders looking to navigate the complexities of the Swedish luxury real estate market. The relatively small size of the market compared to global giants presents both an opportunity for niche players and a potential limitation for significant market share gains. Focused marketing and a deep understanding of the preferences of high-net-worth buyers in Sweden are key factors determining success in this sector. This insightful report provides a detailed analysis of the Swedish real estate market, offering a comprehensive overview of its current state and future trajectory. Covering the period from 2019 to 2033, with a focus on 2025, this report is essential for investors, developers, and anyone seeking to understand the dynamics of this dynamic market. It delves into key market segments, including apartments, condominiums, landed houses, and villas, across major cities like Stockholm and Malmö, providing invaluable insights for strategic decision-making. Keywords: Sweden real estate market, Swedish property market, Stockholm real estate, Malmö real estate, Swedish housing market, real estate investment Sweden, Swedish property prices, Swedish real estate trends. Key drivers for this market are: Urbanization and population growth, Government policies and Foreign Investnents. Potential restraints include: Skilled Labor Shortage, Material Price Fluctuations. Notable trends are: Rise in Construction of New Dwellings Driving the Market.

In 2023, the Sweden Real Estate Market reached a value of USD 143.1 million, and it is projected to surge to USD 250.0 million by 2030.

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.

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 high base rate environment in the years since, which has 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. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. 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 rise, 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 haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

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.

The report covers Sweden Prefabricated Houses Manufacturers and the market is Segmented by Material Type (Concrete, Glass, Metal, Timber, and Other Material Types) and Application (Residential, Commercial, and Other Applications (Industrial, Institutional, and Infrastructure). The Report Offers the Market Sizes and Forecasts for Sweden's Prefabricated Housing Market in Value (USD) for all the Above Segments.

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 ****, which means that income growth has outpaced house price growth by *** percent since 2015. This was lower than the average house price to income reatio in the Euro area 16.

The Sweden Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by City (Stockholm, Gothenburg, Malmö, Uppsala and Other Cities). The Market Forecasts are Provided in Terms of Value (USD).

The Scandinavian real estate market, encompassing countries like Sweden, Norway, Denmark, and Finland, exhibits robust growth potential, fueled by a confluence of factors. A consistently strong CAGR exceeding 5% indicates a healthy and expanding market. Key drivers include increasing urbanization, a growing population, particularly in major cities like Stockholm, Oslo, and Copenhagen, and a rising demand for both residential and commercial properties. The market is segmented into villas and landed houses, catering to affluent buyers seeking larger spaces and more privacy, and apartments and condominiums, which represent a more significant portion of the market due to higher population density in urban centers and appeal to a wider range of buyers. Furthermore, government initiatives aimed at improving infrastructure and boosting sustainable housing contribute positively to market expansion. While fluctuating interest rates and potential economic downturns pose challenges, the Scandinavian region's strong economic fundamentals and consistently high demand suggest sustained growth in the medium to long term. Specific market segments like luxury properties and sustainable building designs are experiencing accelerated growth. The presence of established and well-regarded players, including Riksbyggen, Balder, and others, underscores the market's maturity and competitiveness. The strong performance of the Scandinavian economies, coupled with a focus on quality of life and attractive urban landscapes, further enhances the appeal of the region's real estate sector, ensuring sustained growth prospects for the coming years. The regional distribution of this growth is varied. While the Nordics dominate the market currently, other European regions may experience increased investment due to spillover effects and cross-border investments. International investors are actively participating, drawn by the stable political climate, transparent regulatory frameworks, and potential for long-term appreciation. However, challenges exist in the form of rising construction costs and limited land availability in prime urban areas. These constraints, while present, are unlikely to significantly impede the overall market growth trajectory, given the underlying demand and continued governmental support for the sector. Looking ahead, the Scandinavian real estate market is positioned for continued expansion, driven by demographic trends, economic stability, and ongoing efforts to create attractive and sustainable living environments. The diverse range of property types and significant involvement of major players suggest a robust and resilient market poised for further growth in the years to come. Recent developments include: April 2022: Trivselhus developed a new product called Stella 131. Stella 131 is a well-planned house that fits perfectly on narrower plots as the entrance is located on the gable. Exits for four directions make the house easy to place on the plot and provide the opportunity to create several patios for both sun and shade. The slightly elevated wall life on the façade allows for space for an awning or pergola., April 2022: The Lindbacks has signed an agreement with K-fast, Eskilstuna's municipal properties. The agreement includes building of 86 rental apartments in three wooden buildings with geothermal heating and solar cells. . Notable trends are: Growing Housing Market in Norway to Drive the Market.

The Swedish real estate market, specifically the luxury segment, presents a robust investment opportunity. With a market size exceeding €X billion (estimated based on the provided CAGR of >4.00% and a stated value unit of millions, further details required for precise estimation), the sector demonstrates consistent growth. Drivers include a strong economy, increasing high-net-worth individuals (HNWIs), and a preference for upscale properties in prime locations like Stockholm and Malmö. The segment is diverse, encompassing apartments and condominiums, landed houses, and villas, catering to a broad spectrum of luxury buyers. While data limitations prevent precise quantification, trends indicate sustained demand for sustainable and technologically advanced properties. This is further fuelled by government policies supporting sustainable construction and renovation. Potential restraints could include stringent environmental regulations impacting construction costs and availability of land in prime areas, particularly within Stockholm. However, the overall outlook remains positive, supported by continued economic stability and increasing foreign investment. The market is highly competitive with both national and international players such as Sotheby's International Realty Affiliates LLC, JamesEdition B V, and MANSION GLOBAL competing for market share. Local agencies like Per Jansson Fastighetsformedling AB and Bolaget Fastighetsformedling play a significant role, demonstrating the importance of localized expertise. The forecast period (2025-2033) anticipates continued growth, driven by ongoing urbanization, increased disposable income among the affluent population and an attractive lifestyle associated with owning luxury properties in Sweden. Further research into specific market segments (e.g., the impact of short-term rental regulations) and a more detailed regional breakdown would provide a more granular understanding of the market dynamics. Recent developments include: October-2021: Skanska AB (a multinational construction and development company based in Sweden) investing more than SEK 450 million in a new residential development project in Stockholm. This project in Mariehäll consists of a total of three buildings. Water views and the proximity to Bällstaviken have been central to the design of both buildings, apartments, and courtyards. The courtyards, with a strong focus on greenery, offer natural meeting places for increased well-being in the area., September-2021: Scandinavian Hospitality (a luxury home rental company) has debuted its newest property Vyn - Penthouse Suite, located in Stockholm. Vyn consists is a luxury apartment that offers guests a hotel experience, completely customizable based on the guest's wishes and preferences, with all conceivable services in a private environment, according to the company.. Notable trends are: Rise in Construction of New Dwellings Driving the Market.

After growing by about ** 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 **** percent. When accounting for inflation, the decrease was even higher, at eight percent.

Scandinavian Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums, and Villas & Landed Houses), by Price Band (Affordable, Mid-Market, and Luxury), by Business Model (Sales and Rental), by Mode of Sale ( Primary (New-Build) and Secondary (Existing-Home Resale)), and by Country (Norway, Sweden, and Denmark). The Market Forecasts are Provided in Terms of Value (USD).

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, ranging from rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 3.7% over the five years through 2024, including an estimated slump of 2.1% in 2024 to €196.2 billion, while the average industry profit margin is forecast to reach 34.6%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing in the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated, being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. Revenue is forecast to swell at a compound annual rate of 4% over the five years through 2029 to €238.7 billion. Following a correction during 2024, housing prices are set to being recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, Proptech, which has been heavily invested in, will force estate agents to adapt, shaking up the traditional real estate industry. A notable application of Proptech is the use of AI and data analytics to predict a home’s future value.

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.