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Sales of tenant-owned flats 2018 and 2019

Sales of tenant-owned flats amounted to SEK 247 billion

Statistical news from Statistics Sweden 2020-06-25 9.30

In 2019, 106 600 tenant-owned flats were sold for a total value of SEK 247 billion. The average price for a tenant-owned flat rose by 3 percent, from SEK 2.254 million in 2018 to SEK 2.317 million in 2019.

In the three metropolitan areas (Greater Stockholm, Greater Gothenburg, Greater Malmö), the total turnover was just over SEK 185 billion, which represents 75 percent of the total sales value. In Greater Stockholm the turnover was almost SEK 135 billion, which represents 55 percent of the total turnover in the country. The corresponding figure for Greater Gothenburg was SEK 31 billion and 13 percent, and for Greater Malmö it was almost SEK 20 billion and 8 percent.

Total sales of tenant-owned flats 2000-2019 in SEK billions
Sales of tenant-owned flats 2018 and 2019

Sales of tenant-owned flats went up in 2019

In 2019, 106 593 tenant-owned flats were sold, which is 3 085 more than in 2018. Among all tenant-owned flats sold in 2019, more than half (almost 56 percent) of the sales were made in the metropolitan areas (Greater Stockholm, Greater Gothenburg and Greater Malmö). Greater Stockholm accounted for 36 percent of all sales, and Greater Gothenburg and Greater Malmö both accounted for 10 percent each.

Number of sold tenant-owned flats 2000–2019
Sales of tenant-owned flats 2018 and 2019

Large regional differences in price

The average purchase price of a tenant-owned flat in 2019 was just over SEK 2.3 million. However, there are large regional differences. The most expensive tenant-owned flats were located in Stockholm County, where the average price was more than SEK 3.5 million, while tenant-owned flats for the lowest prices were located in Västernorrland County, where the average price was SEK 794 000.

Average price of tenant-owned flats 2000–2019 in SEK thousands
Sales of tenant-owned flats 2018 and 2019

The table below shows the number of sales, mean prices and median prices for 2018 and 2019 by county, metropolitan area, rest of the country and the country as a whole.

Sales of tenant-owned flats in 2018 and 2019
County2018 [1]2018 [1]2018 [1]2019 [2]2019 [2]2019 [2]
 Number of purchasesAverage purchase price, SEK 1000Median purchase price, SEK 1000Number of purchasesAverage purchase price, SEK 1000Median purchase price, SEK 1000
Stockholm
36 606 3 465 2 900 37 976 3 548 2 950
Uppsala
4 745 2 060 1 950 4 761 2 084 1 925
Södermanland
2 369 1 289 1 200 2 394 1 325 1 200
Östergötland
3 732 1 552 1 500 3 654 1 620 1 550
Jönköping
2 005 1 436 1 450 2 068 1 548 1 550
Kronoberg
960 1 521 1 520 1 011 1 514 1 500
Kalmar
1 452 1 010 810 1 501 1 032 840
Gotland
452 1 866 1 713 485 1 881 1 730
Blekinge
759 1 066 880 705 1 051 850
Skåne
13 657 1 652 1 410 14 570 1 762 1 525
Halland
1 502 2 039 1 920 1 618 2 154 2 050
Västra Götaland
15 777 2 175 2 100 15 838 2 189 2 100
Värmland
2 331 868 700 2 298 968 820
Örebro
2 302 1 150 1 100 2 341 1 220 1 200
Västmanland
3 166 1 145 975 3 114 1 142 1 000
Dalarna
2 291 864 770 2 716 806 690
Gävleborg
2 046 1 112 1 000 2 121 1 119 1 000
Västernorrland
2 295 801 695 2 302 794 653
Jämtland
1 325 1 125 1 000 1 340 1 130 1 000
Västerbotten
2 266 1 302 1 325 2 111 1 392 1 400
Norrbotten
1 470 1 069 1 043 1 669 1 151 1 200
Metropolitan area
           
Greater Stockholm
36 606 3 465 2 900 37 976 3 548 2 950
Greater Gothenburg
11 119 2 765 2 500 11 154 2 784 2 520
Greater Malmö
9 464 1 850 1 610 10 173 1 942 1 700
Rest of the country
46 319 1 256 1 150 47 290 1 298 1 200
Sweden
103 508 2 254 1 900 106 593 2 317 1 950

[1] Figures for 2018 are definitive. [2] Figures for 2019 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 2019 are calculated using preliminary material while figures for 2018 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 lower 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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