Housing prices are rising in Stockholm - the inner city stands out

In September, prices for condominiums in Greater Stockholm rose by 2.0 percent. The development in Stockholm's inner city was even stronger. There, condominium prices increased by as much as 9.3 percent in twelve months, according to Mäklarsamfundet's statistics.

The average condominium in central Stockholm now costs SEK 124,122 per square meter, which is around SEK 50,000 more per square meter than the average for Greater Stockholm. This means that a home of 70 square meters, calculated on the average square meter price, costs approximately SEK 8.7 million.

In Greater Stockholm, looking over the past twelve months, there has been an increase in condominiums by 6.5 percent and at the national level, prices have increased by 5.4 percent during the same period.

Market heading towards a plateau

The number of housing transactions in Sweden continues to increase. During September, 18,500 homes were sold, an increase of 9 percent compared to the same period last year. Of these, 11,800 were condominiums and 6,700 villas.

The real estate agency, which follows the housing market through sales statistics and survey responses from its members, now assesses that the market is on its way to a plateau during the fourth quarter.

- We expect a stabilization phase and no extreme price rush in the coming months, the brokers don't seem to expect, says Oskar Öholm.

The housing market not as strong development

Villa prices have not followed the same strong price trend as condominiums, but rose by 0.6 percent in September, and in three months the trend has been basically unchanged, with an increase of 0.1 percent.

Despite that, house prices have had a steady upward curve over the past twelve months. In Greater Stockholm, prices rose by 5.4 percent. And the number of villas sold has increased significantly.