Real estate prices up 4 percent third quarter

During the third quarter real estate prices for one- and two-dwellling buildings in Sweden increased by 4 percent compared to the second quarter. Compared to the third quarter of 2006 the increase is 11 percent.

The rate of increase appears to have slowed somewhat since prices remained unchanged in September compared to August. However, moderate prices during autumn are not exceptional, so it is too early to interpret this as a trend break or that prices are on the way down.

The greatest increase from the second to the third quarter, 7 percent, occurred in Kronoberg, Halland, Dalarna, Gävleborg and Jämtland county. In two counties (Jönköping and Gotland) prices fell and in two counties (Örebro and Västernorrland) no changes occurred.

Prices up 16 percent in Greater Stockholm in one year
Price development during the last two quarters was quite similar in the three metropolitan areas. In Greater Stockholm and Greater Gothenburg prices rose by 5 percent and in Greater Malmö by 4 percent. In the long-term (one year) though, prices in Greater Stockholm have risen sharply by 16 percent to be compared to 11 and 10 percent respectively in Greater Gothenburg and Greater Malmö.

Average price nearly SEK 1.8 million in Sweden
The average purchase price for a one- and two-dwelling building in Sweden is nearly SEK 1.8 million. In Greater Stockholm the average price is SEK 3.4 million. In Greater Malmö the average price is SEK 2.7 million and in Greater Gothenburg it is 2.6 million. The county with the lowest average price is Västernorrland (SEK 792 000).

Purchase price statistics for the largest municipalities in Sweden can be found here:
Figures for municipalities

One- and two-dwelling buildings for permanent dwelling, whole country

Month	Number of purchases	Average price in SEK 1000	Average assessed value in SEK 1000	Purchase price coefficient (K/T)	Change in percent since previous month
0609	6 303	1 568	915	1.74
0610	5 046	1 575	921	1.73	-1
0611	5 762	1 646	958	1.74	+1
0612	5 833	1 798	1 045	1.75	+1
0701	4 134	1 740	1 009	1.74	-1
0702	4 090	1 715	991	1.75	0
0703	4 806	1 731	992	1.77	+2
0704	4 592	1 741	981	1.80	+1
0705	4 851	1 686	931	1.82	+1
0706	7 515	1 851	996	1.86	+2
0707	5 374	1 755	931	1.89	+2
0708	6 900	1 812	945	1.93	+2
0709 ^[1]	2 932	1 701	888	1.92	0

[1] The figures for the last month are preliminary; the number of purchases will increase.

Development of prices during the recent years based on the purchase price coefficient

Real estate price statistics for the months July to September 2007 compared to the previous three months and the corresponding period 2006

	K/T previous year (Jul-Sep 06)	K/T previous period (Apr-Jun 07)	K/T latest period (Jul-Sep 07)	Price change in percent since previous year	Price change in percent since previous period	Number of purchases latest period	Average price latest period in SEK 1000
County
Stockholm	1.63	1.81	1.90	+16	+5	2 263	3 447
Uppsala	1.63	1.74	1.80	+11	+4	479	1 857
Södermanland	1.67	1.75	1.80	+8	+3	464	1 611
Östergötland	1.75	1.83	1.90	+9	+4	663	1 605
Jönköping	1.71	1.78	1.76	+3	-1	594	1 139
Kronoberg	1.72	1.80	1.93	+12	+7	354	1 168
Kalmar	1.68	1.78	1.85	+10	+4	549	966
Gotland	1.66	1.84	1.73	+4	-6	121	1 625
Blekinge	1.72	1.79	1.88	+9	+5	372	1 158
Skåne	1.87	1.96	2.07	+10	+5	2 349	2 053
Halland	1.81	1.87	2.00	+10	+7	511	2 056
Västra Götaland	1.74	1.83	1.93	+11	+5	2 309	1 772
Värmland	1.72	1.76	1.87	+9	+6	587	916
Örebro	1.73	1.81	1.80	+4	0	527	1 076
Västmanland	1.71	1.80	1.83	+7	+2	450	1 469
Dalarna	1.73	1.77	1.90	+10	+7	585	940
Gävleborg	1.70	1.78	1.91	+12	+7	436	996
Västernorrland	1.84	1.99	1.98	+8	0	424	792
Jämtland	1.75	1.84	1.96	+12	+7	179	932
Västerbotten	1.66	1.83	1.89	+14	+3	529	1 065
Norrbotten	1.74	1.78	1.87	+8	+5	461	853
Metropolitan areas
Greater Stockholm	1.63	1.81	1.90	+16	+5	2 263	3 447
Greater Göteborg	1.73	1.83	1.91	+11	+5	1 107	2 626
Greater Malmö	1.86	1.95	2.04	+10	+4	988	2 716

The whole country	1.73	1.83	1.92	+11	+4	15 206	1 771

Price changes are estimated using the purchase price coefficient (K/T). K/T is the ratio between the price and the assessed value for a certain time and is counted as an unweighted mean value.

Definitions and explanations

One- and two-dwelling buildings for permanent dwelling include detached one- and two-dwelling buildings, terraced houses and linked buildings. Real estate with site leasehold rights are included.