Average price for tenant-owned flats SEK 1.35 million

In 2011, approximately 92 000 tenant-owned flats were sold in Sweden at an average purchase price of SEK 1.35 million. The average price for tenant-owned flats increased by nearly 3 percent during 2011 compared to 2010.

In 2011, the total turnover value for sold tenant-owned flats was SEK 125 billion, compared with SEK 129 billion in the previous year. In the three metropolitan areas (Greater Stockholm, Greater Gothenburg, Greater Malmö) the total turnover was SEK 99 billion, which represents nearly 80 percent of the total sales value. In Greater Stockholm, the turnover was SEK 76.5 billion, while it was SEK 13.6 and SEK 9.1 billion in Greater Gothenburg and Greater Malmö.

Total sales of tenant-owned flats 2000–2011 in SEK billions

Tenant-owned flats are sold more frequently than one- or two-dwelling buildings

In 2011, the number of sold tenant-owned flats decreased by 5 percent compared to 2010, but compared to 2000 the number of sales has increased by 28 percent. Of all sold tenant-owned flats in 2011, more than 50 percent of the sales were made in the metropolitan areas (Greater Stockholm, Greater Gothenburg and Greater Malmö).

Information about the country’s dwelling stock, combined with information about the sold tenant-owned flats and one- or two-dwelling buildings shows that tenant-owned flats are sold more frequently. The number of sold one- or two-dwelling buildings shows virtually no change during 2011 compared to 2000.

Number of sold tenant-owned flats and one- or two-dwelling buildings 2000 – 2011

Large regional differences in price

The average purchase price for a tenant-owned flat in 2011 was SEK 1.35 million. The average price has increased every year since 2000 up until 2011, except for 2008. There are large regional differences. The most expensive tenant-owned flats can be found in Stockholm County, which had an average price of SEK 2.2 million. The next most expensive county was Uppsala with a mean price of SEK 1.3 million. The cheapest tenant-owned flats can be found in Västernorrland County, which had an average price slightly more than SEK 300 000.

Average price for tenant-owned flats 2000 – 2011 in SEK thousands

The table below shows the number of sales, mean prices and median prices for 2010 and 2011 by county, metropolitan area, rest of country and country as a whole.

Sales of tenant-owned flats 2010 and 2011

County	2010 ^[1]	2010 ^[1]	2010 ^[1]	2011 ^[2]	2011 ^[2]	2011 ^[2]
	Number of purchases	Average purchase price, SEK 1000	Median purchase price, SEK 1000	Number of purchases	Average purchase price, SEK 1000	Median purchase price, SEK 1000

Stockholm	35 569	2 170	1 750	34 097	2 244	1 815
Uppsala	5 007	1 244	1 200	4 574	1 340	1 300
Södermanland	2 282	571	475	2 140	582	495
Östergötland	3 201	666	590	3 107	718	620
Jönköping	1 882	688	650	1 819	728	690
Kronoberg	678	729	675	709	731	660
Kalmar	1 495	447	325	1 335	443	340
Gotland	314	1 169	1 060	330	1 172	1 110
Blekinge	770	469	345	632	473	355
Skåne	13 272	1 071	880	11 417	1 025	835
Halland	1 056	1 081	1 000	1 109	1 089	980
Västra Götaland	14 099	1 077	895	13 662	1 092	895
Värmland	2 112	397	240	1 986	417	275
Örebro	1 884	490	310	1 973	500	350
Västmanland	3 249	506	370	3 018	472	350
Dalarna	1 971	346	275	1 899	370	320
Gävleborg	2 038	469	370	2 000	480	375
Västernorrland	2 451	316	230	2 342	323	230
Jämtland	1 247	611	500	999	586	530
Västerbotten	2 178	515	395	2 003	561	460
Norrbotten	1 448	383	285	1 477	433	350
Metropolitan area
Greater Stockholm	35 569	2 170	1 750	34 097	2 244	1 815
Greater Gothenburg	9 330	1 500	1 340	8 959	1 522	1 360
Greater Malmö	8 984	1 222	1 030	7 694	1 186	1 000
Rest of the country	44 320	602	445	41 878	616	455
Sweden	98 203	1 312	995	92 628	1 350	1 030

[1] Figures for 2010 are definitive.
[2] Figures for 2011 are preliminary.

Definitions and explanations

The calculations of purchase price in this press release are based on statement of earnings information provided to the tax authorities by the tenant-owned housing associations when a purchase/sale of a flat takes place. The sales are only from the second sale market and not new build flats. The results for 2011 are calculated using preliminary material while figures for 2010 are based on definitive material.

What do the statistics not include?

There are tenant-owned flats sold at a symbolic (low) value, as well as tenant-owned flats that are extremely expensive, particularly in Stockholm. Statistics Sweden has decided in this report to include all transfers of ownership regardless of lowest price but with a highest price of SEK 20 million. However, transfers of ownership that are due to inheritance, gift, division of property or similar are not included. Furthermore, only transfers of ownership carried out by physical entities are included, and only where ownership of the whole flat has been transferred.

Price comparisons between years

It should be noted that it is risky to draw conclusions about the development of prices of tenant-owned flats based on these figures. In order to draw such conclusions, better measurements than solely mean and median prices should be used, as these do not taken into account size, location and other factors that can affect market price. However, a square metre price cannot be calculated because data on size/area are not available. No percentage changes are therefore reported here on a lower regional level.

Statistical measurement – mean price and median price

Both mean price and median price are reported in this press release. This is because purchase prices have a very uneven distribution. In most regions, there are a number of sales at a very high price, meaning that the mean value is high. In order to make this clear, we also report the median price. The median is the middle value of an ordered set of values. This measurement is therefore not affected as much as the mean value by extreme values.

Greater Stockholm consists of the whole of Stockholm County.
Greater Gothenburg consists of Ale, Alingsås, Göteborg, Härryda, Kungsbacka, Kungälv, Lerum, Lilla Edet, Mölndal, Partille, Stenungsund, Tjörn and Öckerö municipalities.
Greater Malmö consists of Burlöv, Eslöv, Höör, Kävlinge, Lomma, Lund, Malmö, Skurup, Staffanstorp, Svedala, Trelleborg and Vellinge municipalities.

Reports on a lesser regional level (municipality or parish) can be ordered for a fee by contacting one of the contact persons below.