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Where are property prices rising in Sweden?

Property prices have rocketed in Sweden in the past year. This is where they're rising the fastest.

Where are property prices rising in Sweden?
Boden in northern Sweden. Photo: Johan Elisson/Wikimedia

Property agents Svensk Fastighetsförmedling analysed statistics by number-crunching real estate agency Mäklarstatistik to find out where in Sweden property prices have risen the most since summer 2010.

It examined the number of so-called bostadsrätter (a type of housing ownership common in Sweden) sold in municipalities where at least 100 sales had been made, which meant that 103 of Sweden's 290 council areas formed part of the final report.

Stockholm is often the focus of discussions about property prices in Sweden, where an acute housing shortage is believed to be driving prices upwards, and the report found that prices in the greater area of the capital had gone up by a huge 57 percent in the past six years.

But it also noted that Gothenburg on the west coast had seen a sharper price rise (61 percent) than Stockholm, with Sweden's third-biggest city Malmö trailing behind the two at 29 percent.

Prices went up the most in Boden in the Norrbotten region of northern Sweden, with a bostadsrätt now costing 181 percent more than it would have done six years ago. Trollhättan in western Sweden came in second place, with a price rise of 119 percent, followed by Kristinehamn at 117 percent.

“Property prices are rising across the country and Norrland is no exception. The two universities in Luleå and Umeå are attracting more and more students which means supply can't keep up with increasing demand,” said Jörgen Lundgren of Svensk Fastighetsförmedling's Umeå office.

“Boden's incredible percentage price rise can be explained by its proximity to Luleå, because when prices in the bigger towns go up it often affects the surrounding towns,” he added.

However, in real term prices are still by far the highest in the capital.  A bostadsrätt currently costs on average 4,072,170 kronor ($484,543) in Stockholm, compared to 2,699,197 kronor in Gothenburg, 1,621,623 in Malmö and 620,987 kronor in Boden.

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PROPERTY

How to buy your own Swedish island

Ever felt like spending your summers lounging around on your own island? Or have you always wanted to build a James Bond-style supervillain fort in the middle of the Stockholm archipelago?

How to buy your own Swedish island

How can I find an island for sale?

Perhaps surprisingly, you can find islands for sale in the same places you find other properties in Sweden, for example on property site Hemnet, or directly through an estate agent.

As you may expect, people who own their own islands often want to hang onto them, so they don’t come up for sale very often. 

If you’re still interested in finding your dream island, then try searching egen ö till salu (own island for sale), and be prepared that you’ll probably have to wait a while before one comes up in your ideal area.

You might also get lucky and be able to find a property which just happens to include a small island with it (for example, a property by a lake or by the sea), but there’s no guarantee that the island would be big enough to actually do anything with – and if it is, the price of the property would no doubt reflect this.

Can I build on it?

Islands usually fall into two categories: those where there is already some sort of house or building (like a lighthouse, for example), and those which are completely untouched. 

Bear in mind that the rules on building on islands are pretty strict. Firstly, you’ll need to apply for planning permission (yes, even if you own the whole island), which can be difficult.

Essentially, all Swedish coastlines are protected under strandskyddet (literally: “beach protection”), which means that they must be accessible to the public and cannot be built on or fenced off for private use. The exact area which must be protected varies, but as a general rule you’ll have to keep the shoreline accessible 100 metres inland – going up to 300 metres in some cases.

Under allemansrätten, the right to roam, members of the public must be able to access the coastline, so even if you have your own island which you build your own jetty on, you can’t stop people from turning up and mooring at your jetty to lounge on the rocks.

The only exception to this is if they’re so close to your home they disturb your hemfrid, literally “home peace”, for example if they’d be able to see into your property or would feasibly intrude on your private life.

The downside to this hemfrid rule is that it can sometimes get in the way of planning permission – if a rebuild or extension to your home would extend your hemfrid so much that it would encroach on the public right to access the coastline (even if it’s something as simple as putting in larger windows or building a small veranda), then your application could be rejected.

So essentially, you might need to forget about your dreams of a supervillain-style lair on your own private island.

How much does it cost?

Island prices vary wildly, depending on things like the size of your island, how close it is to a major city, and whether it has buildings or pre-approved planning permission. 

Expect to pay a couple million kronor for a larger island (like this one) close to Stockholm or Gothenburg (yes, even if you can’t build anything on it).

Lilla Kattskäret, an island in Norrtälje around an hour from Stockholm with a handful of small buildings and two separate jetties, sold in August for just under 10 million kronor.

If you’re right in the middle of the city centre, you might see islands listed with no price at all, like this island complete with summer house, guest house and another, smaller island. A stone’s throw from Drottningholm Palace – the home of the Swedish King and Queen – this might be a case of “if you have to ask how much it costs, you probably can’t afford it”.

And don’t forget – you’ll need your own boat to access it, too.

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