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Buying property in Sweden
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| Truepioneer |
Hello, a friend of mine, in the UK, is interested in buying property in Sweden:
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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 |
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| ArcticBeach |
| 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 :p |
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| Truepioneer |
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 |
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| ScuL |
| Property as in land or as in a house on land.. that's kinda important :P |
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| Truepioneer |
| as in house on land or a flat. |
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| 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 |
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| Truepioneer |
| 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. |
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| ScuL |
| 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 |
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| St_Andrew |
| 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. |
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) |
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| ScuL |
| 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? |
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| St_Andrew |
| 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. :rolleyes: (and I guess the fact that once inflation is increasing, it's hard to deal with) |
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