The park of Humlegården is in the Östermalm neighborhood, home to some of Stockholm's most expensive real estate. Photo: LEIF R JANSSON / TT

Sweden's most expensive neighborhoods

A review of neighborhoods shows that buyers can expect to pay more than 5 million SEK for an apartment in central parts of Stockholm, according to Mäklarstatistik, the Swedish real estate industry association.

The average price for an 80-square-meter apartment in the Hedvig Eleonora section of Östermalm and the Adolf Fredrik church in Norrmalm was between 5.3 and 5.9 million SEK in 2013, according to the association.

But those prices stood in stark contrast to an apartment of comparable size in Sigtuna, just outside of the capital, where one might expect to save several million.

Bo Söderberg, head of research at the National Housing Board, does not think the price differences are surprising.

"It is simply that people want to live centrally and, therefore, the prices are much higher," he said.

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