Sales of tenant-owned flats 2016 and 2017:
Sales of tenant-owned flats amounted to SEK 256 billion
Statistical news from Statistics Sweden 2018-07-02 9.30
In 2017, 108 000 tenant-owned flats were sold for a total value of SEK 256 billion. The average price of a tenant-owned flat increased by more than 7 percent, from SEK 2.2 million in 2016 to SEK 2.4 million in 2017.
In the three metropolitan areas (Greater Stockholm, Greater Gothenburg, and Greater Malmö), total turnover was SEK 197 billion, which represents 77 percent of the total sales value. In Greater Stockholm, the turnover was SEK 147 billion, which represents 57 percent of the total turnover in Sweden. The corresponding figures for Greater Gothenburg were SEK 31 billion or 12 percent and SEK 18 billion or 7 percent for Greater Malmö.
More tenant-owned flats sales in 2017
In 2017, there were 107 924 tenant-owned flats sold, which is 2 268 more sales than in 2016. It is worth noting that the number of sales in 2017 is the second highest listing since the statistics were first started published in 2000. Only in 2015 were more flats sold. Among the tenant-owned flats sold in 2017, more than half (almost 57 percent) of the sales were made in the metropolitan areas (Greater Stockholm, Greater Gothenburg and Greater Malmö). 37 percent of all sales were made in Greater Stockholm, 10 percent in Greater Gothenburg and 9 percent in Greater Malmö.
Major regional differences in price
In 2017, the average purchase price of a tenant-owned flat was SEK 2.4 million. The average price has increased every year since 2000 up until 2017, except for in 2008. There are major regional differences. The most expensive tenant-owned flats are found in Stockholm County, where the average price was almost SEK 3.7 million, while the cheapest tenant-owned flats can be found in Västernorrland County, there the average price was SEK 804 000.
The table below shows the number of sales, mean prices and median prices for 2016 and 2017 by county, metropolitan area, rest of the country and the country as a whole.
| County | 2016 [1] | 2016 [1] | 2016 [1] | 2017 [2] | 2017 [2] | 2017 [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
|
39 567 | 3 527 | 3 000 | 40 221 | 3 662 | 3 100 |
|
Uppsala
|
5 002 | 2 083 | 2 000 | 4 923 | 2 187 | 2 100 |
|
Södermanland
|
2 375 | 1 099 | 990 | 2 386 | 1 306 | 1 200 |
|
Östergötland
|
3 434 | 1 387 | 1 360 | 3 659 | 1 603 | 1 570 |
|
Jönköping
|
1 956 | 1 282 | 1 300 | 2 003 | 1 464 | 1 500 |
|
Kronoberg
|
767 | 1 422 | 1 465 | 893 | 1 548 | 1 580 |
|
Kalmar
|
1 498 | 841 | 700 | 1 577 | 971 | 810 |
|
Gotland
|
351 | 1 596 | 1 550 | 388 | 1 946 | 1 805 |
|
Blekinge
|
729 | 809 | 675 | 722 | 1 021 | 860 |
|
Skåne
|
14 071 | 1 397 | 1 195 | 14 140 | 1 637 | 1 400 |
|
Halland
|
1 368 | 1 813 | 1 760 | 1 471 | 2 044 | 1 950 |
|
Västra Götaland
|
15 518 | 1 950 | 1 825 | 15 718 | 2 209 | 2 150 |
|
Värmland
|
2 232 | 822 | 700 | 2 212 | 932 | 830 |
|
Örebro
|
2 209 | 1 115 | 1 100 | 2 434 | 1 187 | 1 180 |
|
Västmanland
|
3 201 | 995 | 850 | 3 234 | 1 122 | 975 |
|
Dalarna
|
2 065 | 729 | 625 | 2 266 | 843 | 770 |
|
Gävleborg
|
2 010 | 950 | 860 | 2 125 | 1 064 | 994 |
|
Västernorrland
|
2 439 | 681 | 580 | 2 427 | 804 | 700 |
|
Jämtland
|
1 216 | 929 | 900 | 1 231 | 1 090 | 1 000 |
|
Västerbotten
|
2 174 | 1 217 | 1 243 | 2 268 | 1 366 | 1 400 |
|
Norrbotten
|
1 474 | 994 | 895 | 1 626 | 1 120 | 1 108 |
|
Metropolitan area
|
||||||
|
Greater Stockholm
|
39 567 | 3 527 | 3 000 | 40 221 | 3 662 | 3 100 |
|
Greater Gothenburg
|
10 725 | 2 563 | 2 350 | 11 065 | 2 841 | 2 600 |
|
Greater Malmö
|
9 737 | 1 587 | 1 395 | 9 843 | 1 836 | 1 600 |
|
Rest of the country
|
45 627 | 1 119 | 950 | 46 795 | 1 270 | 1 150 |
|
|
||||||
|
Sweden
|
105 656 | 2 210 | 1 870 | 107 924 | 2 374 | 2 005 |
[1] Figures for 2016 are definitive. [2] Figures for 2017 are preliminary.
Definitions and explanations
The calculations of purchase price in this statistical news 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 2017 are calculated using preliminary material while figures for 2016 are based on definitive material.
What is not included in the statistics?
There are tenant-owned flats sold at a symbolic (low) value, as well as tenant-owned flats that are extremely expensive, particularly in Stockholm. In this report, Statistics Sweden has decided 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 difficult 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 the market price. No percentage changes are therefore reported here on a lower regional level.
Statistical measurement – mean price and median price
Both the mean price and the median price are reported in this statistical news. This is because purchase prices have an 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 by extreme values as much as the mean value.
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 (i.e municipality, parish or district) can be ordered for a fee by contacting one of the contact persons below.
Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.