According to the Building Price Index (BPI), the building cost for multi-dwelling buildings increased by 8 percent, while building costs for collectively built one- or two- dwelling buildings increased by 4 percent.

Costs were highest in Greater Stockholm

Production costs for multi-dwelling buildings were SEK 42 046 per square metre of useful floor space in 2015. Costs were lowest in southern Sweden, where production costs amounted to SEK 30 487, and highest in Greater Stockholm, where costs were SEK 54 381.

Production costs for collectively built one- or two- dwelling buildings were SEK 30 988 in 2015. The cost were lowest in northern Sweden, where production costs were SEK 25 761 and highest in Greater Stockholm, where costs were SEK 37 152.

High costs for tenant-owned dwellings

Production costs for multi-dwelling buildings that are intended to be tenant-owned dwellings are considerably higher, about 65 percent, compared with buildings intended to be rental dwellings (SEK 48 890 and SEK 29 624 respectively). Higher cost of land for tenant-owned dwellings in part explains the difference. The cost of land per square metre of useful floor space as an average for multi-dwelling buildings was SEK 9 297 in 2015. In 2015, the cost of land for tenant-owned dwellings was SEK 12 450, while the corresponding cost for rental dwellings was SEK 3 575.

Because the newly constructed dwellings that form the basis of production costs vary in number and design from year to year, it may be difficult to make comparisons over time. However, this year’s results are similar to previous years in terms of differences between tenant-owned dwellings and rental dwellings.