Decreasing house prices

Real estate prices for one- or two-dwelling buildings decreased by 1 percent during the last two months (March – April 2012) compared to the previous three months (December 2011 – February 2012). Prices decreased by 4 percent on an annual basis during the last two months (March – April 2012) compared with the three month period one year earlier (March – May 2011).

There is currently a substantial delay at the land registration authority (Lantmäteriet), therefore the most recent period is reported as a two month period instead of three as it usually is.

Decreasing prices were reported in 11 out of 21 counties during the last two month period compared to the previous three month period. The largest decrease in real estate prices was reported in Jämtland County by 7 percent. In the metropolitan areas Greater Stockholm and Greater Malmö prices decreased by 1 percent, while prices were unchanged in Greater Gothenburg.

House prices decreased on an annual basis in 20 out of 21 counties. The largest fall in prices was reported in Kalmar County by 11 percent, followed by Uppsala County by 8 percent. In all of the metropolitan areas prices decreased.

During the last two month period the average price for a one- or two-dwelling building in Sweden was just over SEK 2 million.

Real estate price statistics for one- or two-dwelling buildings by month, 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
1105	4 359	2 006	1 286	1.59
1106	5 263	2 096	1 340	1.59	0
1107	5 305	2 039	1 298	1.61	+1
1108	5 449	2 107	1 347	1.60	‑1
1109	6 066	1 989	1 279	1.59	0
1110	4 033	1 898	1 245	1.56	‑2
1111	4 492	1 966	1 308	1.54	‑2
1112	4 732	2 080	1 382	1.54	0
1201	3 069	2 234	1 468	1.55	+1
1202	2 932	2 072	1 383	1.51	‑3
1203	3 286	2 026	1 352	1.52	+1
1204	998	2 083	1 378	1.53	0
1205 ^[1]	0	..	..	..	..

[1] Preliminary figures. Because of the delay at the land and registration authority no purchases for May has been registered.

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

The “latest period” in the county and the municipality table below refer to purchases in March – April, because of the delay at the land registration authority.

Real estate price statistics for the months March through April 2012 compared to the previous three months (December 2011 through February 2012) and the corresponding period last year (March through May 2011)

	Number of purchases latest period	Average price latest period (SEK 1000)	K/T latest period	K/T previous period	K/T previous year	Change in percent since previous period	Change in percent since previous year
County
Stockholm	718	3 707	1.48	1.50	1.53	-1	-3
Uppsala	161	2 080	1.50	1.59	1.64	-5	-8
Södermanland	118	1 742	1.44	1.43	1.52	+1	-5
Östergötland	172	1 858	1.51	1.52	1.55	-1	-3
Jönköping	159	1 470	1.55	1.51	1.59	+3	-2
Kronoberg	67	1 260	1.53	1.53	1.58	0	-4
Kalmar	142	1 214	1.54	1.59	1.72	-3	-11
Gotland	33	1 819	1.58	1.61	1.65	-2	-5
Blekinge	71	1 231	1.46	1.48	1.57	-1	-7
Skåne	601	2 170	1.48	1.48	1.54	0	-4
Halland	172	2 193	1.50	1.54	1.60	-3	-6
Västra Götaland	700	2 102	1.52	1.54	1.59	-1	-4
Värmland	165	1 129	1.50	1.55	1.58	-3	-5
Örebro	153	1 319	1.56	1.55	1.56	0	0
Västmanland	153	1 660	1.44	1.41	1.49	+2	-3
Dalarna	179	1 116	1.69	1.69	1.71	0	-1
Gävleborg	123	1 219	1.59	1.57	1.60	+1	-1
Västernorrland	104	988	1.65	1.63	1.68	+1	-2
Jämtland	45	1 171	1.59	1.71	1.72	-7	-7
Västerbotten	125	1 311	1.64	1.62	1.67	+1	-2
Norrbotten	123	917	1.67	1.78	1.72	-6	-3
Metropolitan areas
Greater Stockholm	718	3 707	1.48	1.50	1.53	-1	-3
Greater Gothenburg	390	2 946	1.54	1.53	1.60	0	-4
Greater Malmö	273	2 678	1.41	1.43	1.49	-1	-6
The whole country	4 284	2 039	1.53	1.54	1.59	-1	-4

Real estate price statistics for larger municipalities

Code	Municipality	Number of purchases latest period	Average price latest period (SEK 1000)	K/T latest period	K/T previous period	K/T previous year	Change in percent since previous period	Change in percent since previous year
0123	Järfälla	37	3 293	1.50	1.52	1.49	-1	+1
0126	Huddinge	73	3 286	1.49	1.46	1.57	+2	-5
0127	Botkyrka	43	2 575	1.47	1.54	1.49	-4	-1
0136	Haninge	35	2 812	1.49	1.48	1.46	+1	+2
0160	Täby	51	4 793	1.46	1.46	1.51	0	-3
0163	Sollentuna	34	4 422	1.49	1.52	1.51	-2	-2
0180	Stockholm	134	4 427	1.50	1.51	1.54	-1	-3
0181	Södertälje	25	2 478	1.42	1.45	1.57	-2	-10
0182	Nacka	36	5 104	1.61	1.51	1.60	+6	+1
0188	Norrtälje	38	1 875	1.49	1.55	1.59	-4	-6
0380	Uppsala	48	3 016	1.64	1.63	1.64	+1	0
0480	Nyköping ^[1]	20	1 978	1.45	1.39	1.50	..	..
0484	Eskilstuna	33	1 596	1.47	1.44	1.49	+2	-2
0580	Linköping	49	2 616	1.51	1.52	1.60	0	-5
0581	Norrköping	52	2 104	1.60	1.56	1.61	+2	-1
0680	Jönköping	56	2 208	1.60	1.64	1.68	-2	-5
0780	Växjö ^[1]	21	1 992	1.60	1.52	1.62	..	..
0880	Kalmar	34	2 152	1.63	1.58	1.61	+3	+1
0980	Gotland	33	1 819	1.58	1.61	1.65	-2	-5
1080	Karlskrona	28	1 421	1.55	1.52	1.52	+2	+2
1280	Malmö	80	3 322	1.33	1.36	1.41	-2	-6
1281	Lund	27	2 882	1.38	1.46	1.57	-5	-13
1283	Helsingborg	57	2 589	1.40	1.43	1.53	-3	-9
1290	Kristianstad	48	1 546	1.58	1.58	1.59	0	-1
1293	Hässleholm ^[1]	20	805	1.45	1.59	1.58	..	..
1380	Halmstad	56	2 225	1.41	1.44	1.57	-2	-10
1383	Varberg ^[1]	14	2 194	1.74	1.65	1.67	..	..
1384	Kungsbacka	51	3 203	1.45	1.54	1.60	-6	-10
1480	Göteborg	126	3 506	1.57	1.55	1.58	+2	0
1481	Mölndal	43	3 203	1.60	1.58	1.65	+1	-3
1485	Uddevalla	39	1 742	1.40	1.48	1.50	-5	-6
1488	Trollhättan ^[1]	20	1 721	1.42	1.42	1.56	..	..
1490	Borås	43	1 559	1.51	1.63	1.60	-8	-6
1496	Skövde ^[1]	19	1 886	1.56	1.53	1.62	..	..
1780	Karlstad	42	1 640	1.50	1.53	1.53	-2	-2
1880	Örebro	57	1 989	1.52	1.50	1.50	+1	+2
1980	Västerås	68	2 288	1.41	1.40	1.46	+1	-4
2080	Falun	34	1 486	1.52	1.73	1.77	-12	-14
2180	Gävle	32	1 821	1.41	1.63	1.60	-13	-12
2281	Sundsvall	33	1 513	1.64	1.61	1.72	+2	-4
2284	Örnsköldsvik	26	844	1.58	1.57	1.66	0	-5
2380	Östersund ^[1]	16	1 963	1.63	1.51	1.72	..	..
2480	Umeå	46	2 280	1.56	1.49	1.53	+5	+2
2482	Skellefteå	44	904	1.68	1.66	1.72	+1	-2
2580	Luleå ^[1]	24	1 528	1.56	1.73	1.65	..	..

[1] For the municipalities Nyköping, Växjö, Hässleholm, Varberg, Trollhättan, Skövde, Östersund and Luleå no price changes are displayed. The reason for this is because there are only a few reported purchases in each municipality during the “latest period”.

Definitions and explanations

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.

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

Source

Data comes from the land registration authority (Lantmäteriet). There is currently a substantial delay in registration of title at the authority.

More about...

Information on the quality of the statistics, production methods and frequently requested tables and graphs.

Next publishing will be

2012-07-12 at 09:30

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Statistics Sweden, Construction, Rents and Real Estate Statistics Unit
Box 24 300
SE-104 51 Stockholm, Sweden
Fax +46 8 506 949 05

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