Buying property in Sweden - TranceAddict Forums

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Posted by Truepioneer on Jan-15-2006 00:13:

Buying property in Sweden

Hello, a friend of mine, in the UK, is interested in buying property in Sweden:

quote:

Hi there - I'm looking to buy a property in sweden and cannot for the life of me (after hours of google searching) find a site (in English) where I can search for appropriate freehold properties for sale. Do any exist??? I noticed in an earlier thread within the forum that all rented accomodation is regulated heavily so should I pressume that there isn't many private developers and therefore most of the housing projects are developed by the government in-house and therefore most of the property is owned by them and everybody rents from them at a low rates?
Any help or links would be really appreciated as I would like to buy.

Thanks

Can anyone give her any advice on where to look???

Cheers

Posted by Joe Nas on Jan-15-2006 00:19:

I only know sites on swedish btw, were does he want to buy it ? like Stockholm ? if that, then he really need alot of cash

Posted by Truepioneer on Jan-15-2006 00:30:

Well I believe she's looking in the Major cities Stockholm, Gothenburg.

Maybe if you tell me the Swedish sites I can give a try at navigating it just to view prices and property locations.

Idea! I can use a translator website.

Thanks

Posted by ScuL on Jan-15-2006 01:24:

Property as in land or as in a house on land.. that's kinda important :P

Posted by Truepioneer on Jan-15-2006 01:25:

as in house on land or a flat.

Posted by fede on Jan-15-2006 08:41:

if he's looking for a flat to BUY then try this link
http://www.fastighetsbyra.foreningssparbanken.se/
look at the bottom there's a "In English" link.

Posted by Vizay on Jan-15-2006 14:19:

if it's a flat in gothenburg or Stockholm he has to be ready to pay quite alot for a descent apartment. Although it might be a regular pricerange for you over in the UK, dunno really :P

Posted by Truepioneer on Jan-15-2006 14:48:

quote:
Originally posted by Vizay
if it's a flat in gothenburg or Stockholm he has to be ready to pay quite alot for a descent apartment. Although it might be a regular pricerange for you over in the UK, dunno really :P

Thanks for the advice everyone

yeah the whole idea was to buy from a market that would be more reasonably priced than Britain's hyper property market as an investment.

From what she told me, based on the research she did, is that now is a good time to buy in Sweden. Then later sell the flat when prices are high and buy in the U.K. which should have a cooled off market by then. Hopefully those market trends follow through. I'm no expert on this myself but I can't really see property becoming even more expensive in the U.K.

Posted by ScuL on Jan-15-2006 15:00:

quote:
Originally posted by Truepioneer
Thanks for the advice everyone

yeah the whole idea was to buy from a market that would be more reasonably priced than Britain's hyper property market as an investment.

From what she told me, based on the research she did, is that now is a good time to buy in Sweden. Then later sell the flat when prices are high and buy in the U.K. which should have a cooled off market by then. Hopefully those market trends follow through. I'm no expert on this myself but I can't really see property becoming even more expensive in the U.K.

Well prices here in Holland are similar to those in the UK, and for a single male in his mid twenties, with an average salery of about 3000 euros (and lower..) it is virtually impossible to buy a house because the mortgages are so high that the income cannot cover them.
So if I were to move out of my parents residence I have no other option than to throw money in the trashcan and start renting.

In Sweden on the other hand prices are fairly reasonable, with the exception of the densely populated areas around the big cities.
Even more so, prices of property in low populated areas can cause some serious laughter. � 30k for a villa with some land is not uncommon in the north. So for 1 house in the UK or Holland you can buy 10 in northern Sweden. That's pretty rediculous if you think of it actually

Posted by St_Andrew on Jan-15-2006 15:18:

Posted by ScuL on Jan-15-2006 15:26:

quote:
Originally posted by St_Andrew
Actually I would wait a little longer, the Swedish Central Bank (Riksbanken) is highly expected to increase their interest rate in a couple of weeks, they're probably going to continue with that for a while too... (which means prices will decrease on housing)

is the SEK running away from a stable euro currency or something that they decided to do so?

Posted by St_Andrew on Jan-15-2006 15:36:

quote:
Originally posted by ScuL
is the SEK running away from a stable euro currency or something that they decided to do so?

I think they are affraid of inflation, but yeah the other reason is that the Krona has lost a lot in value the last year.

Inflation is ridiculously low though, but yeah I guess they are afraid of our incredibly stupid government with their expansionary fiscal policies this election year. (and I guess the fact that once inflation is increasing, it's hard to deal with)

Posted by Truepioneer on Jan-15-2006 16:12:

quote:
Originally posted by ScuL
Well prices here in Holland are similar to those in the UK, and for a single male in his mid twenties, with an average salery of about 3000 euros (and lower..) it is virtually impossible to buy a house because the mortgages are so high that the income cannot cover them.
So if I were to move out of my parents residence I have no other option than to throw money in the trashcan and start renting.

In Sweden on the other hand prices are fairly reasonable, with the exception of the densely populated areas around the big cities.
Even more so, prices of property in low populated areas can cause some serious laughter. � 30k for a villa with some land is not uncommon in the north. So for 1 house in the UK or Holland you can buy 10 in northern Sweden. That's pretty rediculous if you think of it actually

I found prices for flats in Stockholm were reasonable, compared to London anyways, about ₤90 000-100 000. Haven't really looked into what the neighbourhoods are like though.

Lol I've heard similiar stories except with Farms in less populated area's of France going for �30 000!

quote:
Actually I would wait a little longer, the Swedish Central Bank (Riksbanken) is highly expected to increase their interest rate in a couple of weeks, they're probably going to continue with that for a while too... (which means prices will decrease on housing)

That would be good news.

Posted by Vizay on Jan-16-2006 05:17:

quote:
Originally posted by Truepioneer
That would be good news.

well not fo reveryone.
In sweden the system is formed so that you gain more by having a bankloan (of reasonable size of course) but when it goes up it means the living standard for the people with loans obviously will go down.

Posted by Truepioneer on Jan-16-2006 16:54:

Well good news strictly in the sense of buying property anyways.

Here in Canada banks have been cutting interest rates for awhile. Our overall cost of living is pretty reasonable compared to other countries but housing costs have definetly made a sharp increase. The rise in property value seems to be quite a global trend.

Posted by bunnykins on Jan-16-2006 17:29:

thanx for putting this post up for me frank
Any more info would be interesting to read, im thinking about buying a flat in one of the major towns in sweden, however i heard something about if you buy a flat you still need to pay monthly rates on it which can be quite high, just wondered if anyone knew if this was true on all apartments in sweden or just on 'bostadstratt. In the UK we have what is known as ground rent but its only about �150 per year for an apartment.
Also for anyone not living in the UK, in London esp houseprices here are a joke! its at least 150k just for a 1 bed apartment in london which even with a large deposit seems impossible at the moment. What im looking at doing is buying somewhere in a different country with the deposit I have, then in a few years when that would have gone up, then sell up & hopefully by then would have enough to afford somewhere over here, whereas just by leaving it in a bank account its going no-where really at the moment.

Posted by InterMilan31 on Jan-17-2006 23:20:

Buy in Motala i hear that place is wicked

Posted by Candeeman on Jan-18-2006 01:01:

I think the prospective buyer is female

Posted by St_Andrew on Jan-18-2006 10:10:

quote:
Originally posted by bunnykins
thanx for putting this post up for me frank
Any more info would be interesting to read, im thinking about buying a flat in one of the major towns in sweden, however i heard something about if you buy a flat you still need to pay monthly rates on it which can be quite high, just wondered if anyone knew if this was true on all apartments in sweden or just on 'bostadstratt. In the UK we have what is known as ground rent but its only about �150 per year for an apartment.
Also for anyone not living in the UK, in London esp houseprices here are a joke! its at least 150k just for a 1 bed apartment in london which even with a large deposit seems impossible at the moment. What im looking at doing is buying somewhere in a different country with the deposit I have, then in a few years when that would have gone up, then sell up & hopefully by then would have enough to afford somewhere over here, whereas just by leaving it in a bank account its going no-where really at the moment.

Well, I think it would be hard to find an apartment that is not a "bostadsr�tt". Actually I don't think it's possible at all? Anyhow, an idea for you would be to buy a bostadsr�tt, then rent it out to someone else in the meantime, hopefully it could cover all your costs then...

Posted by reveal on Jan-18-2006 19:25:

quote:
Originally posted by bunnykins
however i heard something about if you buy a flat you still need to pay monthly rates on it which can be quite high, just wondered if anyone knew if this was true on all apartments in sweden or just on 'bostadstratt.

When if comes to apartments I don't know if there is anything else than "bostadsr�tt" or the kind you rent (and not own at all). "Bostadsr�tt" is not actually the same as in the UK where you own your apartment completely. In Sweden there is something called a "bostadsr�ttsf�rening" (f�rening = association), and they are the owner of the house. The people owning the bostadsr�tt's are members of the association. The association (most often) have to pay mortgages for the house, and furthermore they pay for heat, water, and such. Hence, there is a monthly fee which the owner of the bostadsr�tt has to pay. This fee is something like �300 a month, of course the size of the fee varies with what kind of apartment you have. (If you don't pay this fee you will be left out of the association and lose the apartment.)