What are house prices in Sweden?

Sweden’s real estate market

As one of the top two countries in the United Nations’ list of the most livable countries in the world, Sweden’s achievements in solving housing problems are also world-famous and can be said to be comparable to those of other countries. Role model. As early as 1990, Sweden's per capita living area exceeded 45 square meters, with an average of 2.3 people per dwelling. Homelessness has been basically eliminated, and housing is well guaranteed in terms of construction quality, water supply, and heating. In 2000, there were an average of 484 houses per 1,000 people, with an average living area of ??90.6 square meters and 4.2 rooms per house, and 99% had bathrooms and central heating systems.

Sweden’s real estate market has maintained rapid growth for 10 consecutive years since 1996. The constant-quality price index of single

family housing has increased from It soared from 185 points in 1996 to 400 points at the end of 2005, an increase of more than 100%. Among them, the cumulative growth since 2002 has exceeded 33%. At the same time, the public rental price index also rose from 148 in 1990 to 237 in 1995, 256 in 2000, and 266 in 2002 (EU 2003). The average residential sales price is 120,000 euros, of which the average price of new homes is 217,000 euros.

(The average price of all residences in Ireland is 228,000 euros, the Netherlands is 223,000 euros, Luxembourg is 173,000 euros, Denmark is 153,000 euros, Belgium is 89,000 euros, and the United Kingdom is 83,400 euros). The average annual rent for renting a house is 5,270 euros. The average annual rent for new houses is 9,040 euros (the average rent for all rental houses in the UK is 5,786 euros, Denmark is 5,642 euros, Germany is 4,896 euros, and the Netherlands is 4,380 euros). The mortgage interest rate is around 6%, usually 30-50 years, with zero down payment, and 30% of the loan interest can be deducted from personal tax. Mortgage loan balances account for 48% of GDP (88% in the Netherlands, 82% in Denmark, 62% in the United Kingdom, 51% in Germany, and 37% in Ireland).

As housing prices rise, houses are getting bigger and bigger, with more and more emphasis on luxury. The average living area of ??newly built residences from 1999 to 2002 was 96 square meters, and reached 123 square meters in 2002. Compared with the average 74 square meters during the housing price downturn in 1994-1998, the Swedish media also shouted that the structure was unbalanced. , the houses were built for the rich.

Despite this, due to planning restrictions, new housing growth has been very slow. After 2000, the annual number of new housing units has been hovering below 20,000 units, with an annual average of less than 2 new houses per 1,000 people.

The Swedish residential real estate market is divided into three types. The first is the rental market, which is mainly provided by non-profit public housing companies. Rental housing groups also serve a considerable part of the private rental market; the second type is self-owned properties with full ownership rights, which are generally single-family villas; the third type is tenant-owned housing cooperatives with tradeable use rights. cooperatives), this type is mainly flat/apartment. The last type is almost non-existent in Britain and the United States, but is very common in Germany and Nordic countries such as Denmark and Norway. The ratio of these three types of property rights has been relatively stable in the past 20 years, about 40:45:15.

I just talked about housing cooperatives (tenant-owned cooperatives) which are relatively rare in other countries. The special thing about this kind of house is that in addition to an expensive initial fee (capital input) when entering, you also need to pay a high monthly rent.

The average price of an apartment in 2004 was SEK 667,000, and the median price was SEK 450,000. Apartments in Stockholm are much more expensive, with an average price of SEK 1.28 million and a median price of SEK 975,000.

The average price of private villas in 2003 exceeded 2 million Swedish kronor in hot spots, such as the four major cities, Stockholm 2.8 million Swedish kronor, Gothenburg 2.16 million, Malm? 2.16 million, Uppsala 1.90 million, the hottest area, Lidingo and Solna in the Greater Stockholm Area both have more than 3.6 million. However, housing prices in remote areas in the north are very cheap, and there are a large number of villas with a total price of less than 400,000.

According to EU Housing Statistics 2003, Sweden's average annual housing consumption per household in 2002 was 7,800 euros, second only to Germany's 8,861 euros, the Netherlands' 8,600 euros, and France's 8,000 euros in the EU. The proportion of total expenditure was 27.7%. This proportion is also high among developed countries in the EU, second only to Germany at 29.1%, comparable to Luxembourg at 27.6%, the Netherlands at 26.8%, Belgium at 26.6%, France at 23.9%, Portugal at 19.8%, Italy at 19.6%, and the United Kingdom at 18.7 %, with the lowest in Ireland being 12.6%.