House prices were up 2.09% y-o-y in Q3 2019
The nationwide house price index rose by 2.09% during the year to Q3 2019, following five consecutive quarters of annual price falls. Quarter-on-quarter, house prices increased 1.91% during the latest quarter.
House prices surged by 44% in the past 6 years.
Demand steady; supply falling. Homes sold in one- to two-dwelling buildings rose slightly by 0.2% y-o-y to 39,764 units in the first three quarters of 2019, after falling by 1.2% last year according to Statistics Sweden.
In the first three quarters of 2019, dwelling starts in newly constructed one- to two-dwelling buildings fell by 20% y-o-y to about 6,931 units, after falling by 18.3% in 2018. Likewise, dwelling completions also dropped 21.5% to 7,016 units over the same period.
Rents, rental yields: yields figures are hard to get.
Stockholm apartment costs are around €6,991 per sq. m.
| Sweden: typical city centre apartment buying price, monthly rent (120 sq. m) | |||
| Buying price | Rate per month | Yield | |
| Stockholm | € 838,920 | n.a. | n.a. |
Recent news: The Swedish economy grew by about 2.3% last year, from annual growth rates of 2.1% in 2017, 2.7% in 2016, 4.5% in 2015 and 2.6% in 2014.
Recently, the National Institute of Economic Research revised downwards its 2019 growth projections for Sweden to just 1.2%, from an earlier forecast of 1.5%, citing higher uncertainty amid escalation of trade wars, Brexit deal and conflicts in the Middle East. NIER expects growth to ease further next year.