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Sales of tenant-owned flats 2017 and 2018

Sales of tenant-owned flats amounted to SEK 230 billion

Statistical news from Statistics Sweden 2019-07-05 9.30

In 2018, 102 000 tenant-owned flats were sold for a total value of SEK 230 billion. The average price for a tenant-owned flat decreased by more than 5 percent, from SEK 2.4 million in 2017 to SEK 2.3 million in 2018.

In the three metropolitan areas (Greater Stockholm, Greater Gothenburg, Greater Malmö), the total turnover was SEK 172 billion, which represents 75 percent of the total sales value. In Greater Stockholm the turnover was SEK 125 billion, which represents 55 percent of the total turnover in the country. The corresponding figure for Greater Gothenburg were SEK 30 billion and 13 percent, and for Greater Malmö it was SEK 17 billion and 7 percent.

Total sales of tenant-owned flats 2000-2018 in SEK billions
Sales of tenant-owned flats 2017 and 2018

Fewer sales of tenant-owned flats in 2018

In 2018, 102 147 tenant-owned flats were sold, which is 7 583 fewer sales than in 2017. Among all tenant-owned flats sold in 2018, more than half (over 55 percent) of the sales were made in the metropolitan areas (Greater Stockholm, Greater Gothenburg and Greater Malmö). Greater Stockholm accounted for 35 percent of all sales, Greater Gothenburg accounted for 11 percent and Greater Malmö accounted for 9 percent.

Number of sold tenant-owned flats 2000–2018
Sales of tenant-owned flats 2017 and 2018

Large regional differences in price

The average purchase price of a tenant-owned flat in 2018 was SEK 2.3 million. There are large regional differences. The most expensive tenant-owned flats were located in Stockholm County, where the average price was almost SEK 3.5 million, while tenant-owned flats for the lowest prices were located in Västernorrland County, where the average price was SEK 799 000.

Average price of tenant-owned flats 2000–2018 in SEK thousands
Sales of tenant-owned flats 2017 and 2018

The table below shows the number of sales, mean prices and median prices for 2017 and 2018 by county, metropolitan area, rest of the country and the country as a whole.

Sales of tenant-owned flats in 2017 and 2018

County

2017 [1] 2017 [1] 2017 [1] 2018 [2] 2018 [2] 2018 [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
41 031 3 661 3 100 36 233 3 459 2 900
Uppsala
5 076 2 177 2 080 4 709 2 058 1 950
Södermanland
2 403 1 311 1 200 2 345 1 288 1 200
Östergötland
3 717 1 609 1 575 3 666 1 552 1 500
Jönköping
2 027 1 470 1 500 1 971 1 426 1 450
Kronoberg
897 1 551 1 590 956 1 523 1 523
Kalmar
1 586 978 810 1 436 999 800
Gotland
409 1 976 1 810 444 1 872 1 723
Blekinge
731 1 026 860 758 1 066 878
Skåne
14 359 1 639 1 400 13 458 1 643 1 400
Halland
1 525 2 052 1 980 1 478 2 044 1 925
Västra Götaland
15 909 2 219 2 150 15 481 2 163 2 085
Värmland
2 229 934 830 2 298 863 700
Örebro
2 446 1 191 1 160 2 270 1 144 1 095
Västmanland
3 272 1 129 978 3 152 1 143 970
Dalarna
2 324 839 765 2 174 891 800
Gävleborg
2 153 1 064 975 2 024 1 111 1 000
Västernorrland
2 433 806 700 2 285 799 695
Jämtland
1 240 1 100 1 000 1 268 1 127 1 000
Västerbotten
2 325 1 368 1 405 2 253 1 302 1 325
Norrbotten
1 638 1 123 1 108 1 488 1 061 1 008
Metropolitan area
           
Greater Stockholm
41 031 3 661 3 100 36 233 3 459 2 900
Greater Gothenburg
11 239 2 847 2 600 10 859 2 760 2 500
Greater Malmö
9 979 1 834 1 600 9 305 1 841 1 600
Rest of the country
47 481 1 277 1 150 45 750 1 255 1 150
Sweden
109 730 2 380 2 020 102 147 2 250 1 900

[1] Figures for 2017 are definitive. [2] Figures for 2018 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 2018 are calculated using preliminary material while figures for 2017 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
Reports on municipality, parish or district level 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.

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Statistics Sweden, Urban Management and Tourism

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