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Why Invest?Country ProfileCity List |
Sweden » Market Report
Stockholm, Sweden's capital is a popular place generally as well as from property investment point of view. It represents about 20% of Sweden's total population and is built on 14 islands with stunning waterside buildings. Stockholm holds attractive prospects for international property investments in offices, hotels or retail properties.
Sweden property market survey reveals that investment in Stockholm real
estate is regarded as most profitable on the continent. Stockholm is
developing fast and with a strong bullish stock market, stable economy
things for the property market in Stockholm look great. The financial
and technical companies in Stockholm seem to be growing bringing more
people and thus more opportunities of investment in Swedish property.
The property prices in Stockholm are comparatively higher than other
parts of Sweden.
Gothenburg, Sweden's second largest city of the country is a major port and industrial centre. It has a lively down town area. For a good purchase in Sweden real estate purely for financial gains Stockholm and Goteborg are the best places. The third largest city, Malmo, has the greatest economic potential of all Sweden's cities. Oresund Bridge link to Copenhagen has solved the employment problem as workers go to Copenhagen and prefer to live in Malmo because of the cheaper house prices. The city and its property market are bound to benefit from this bridge as it would mean increasing number of people and more growth. The Swedish real estate prices are quite different from its neighboring countries. According to Sweden real estate trend people prefer to rent rather than buy property as supply and demand for tenanted occupation is one of the most favorable anywhere in the world. In Stockholm people often stay on housing lists for years before finding something suitable. The rental market in Sweden is over-regulated, and rents have been kept artificially low. Vast numbers of properties are now being sold to the private sector therefore rents in the cities should rise fast. Sweden’s decade long house price boom is officially over with house price falls observed all-over the country. The financial crisis has affected the Swedish property market. The impact has been particularly felt by the market for apartments. International property brokers forecasts that house prices in Malmo and Gothenburg would become cheaper because of larger number of people willing to sell. Prices in Stockholm however are likely to remain stable. Overall the economy looks strong. GDP growth is forecast to amount to 1.9 percent in 2008 and 2.3 percent in 2009. The rising trend would continue and it is estimated that the GDP might climb to 6.2 percent in 2010 According to International Property Broker forecast, Sweden is witnessing a fall in the house prices as a result of the financial crisis. Some predict that the Sweden property prices are expected to rise again, although the increase is not expected to be very high. Slump in property prices has particularly been felt by the owners of apartments rather than houses. The demand for houses has started to drop and the forecast seems uncertain.
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