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Average price for a Swedish home reaches an untouchable limit of Skr 2 million


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Friday, 15 July 2011
In the past days we have been reporting a slight fall in the Swedish house prices. It turns out that the prices had risen so high that a 1 or 2 percent fall means virtually nothing.

According to statistic Sweden, prices of permanent single-family homes in Sweden rose nearly 1 percent during the period April to June compared with the previous three months of the year, according to fresh data from Statistics Sweden.

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Compared to the same period a year ago, prices rose by 1 percent. Between May and June, prices were unchanged at the national level.
The average price across the country for a single-family home during the three month period was Skr2.053million.

Although Sweden is a rich country, this amount is too high and the view that Swedish homes are over valued is becoming cleared by the day.
By Scancomark.se Team


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