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Swedish apartment prices at "all time high"

Published torsdag 14 mars 2013 kl 12.45

Figures from the Swedish housing market show that apartment prices in the last quarter rose by three percent, while house prices are standing still.

Lars-Erik Nykvist is the head of property company Fastighetsbyrån. He says to news agency TT there is a lack of new homes coming onto the market and that Sweden now has "all time high" prices, especially in Stockholm and Gothenburg.

The average price, per square metre, of an apartment in central Stockholm is more than three times as much as in central Malmö - SEK 62,000 versus SEK 20,000. Central Gothenburg is on SEK 39,000.

Malmö prices are lower due to a fall in prices in nearby Copenhagen, and also because more new buildings are going up in Malmö.

The prices are calculated by the Mäklarstatistik firm, which bases its information on 70 percent of home sales.

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