Prices for co-ops have increased the most in Norrbotten and Västerbotten, the northernmost counties, reports Swedish Radio news.
"You want to live centrally in the city. If we had a green wave a number of years ago, now we can say we're having a gray wave today. Many choose to prioritize nearness to the city center. And those homes in the center are apartments and often co-ops," said Lars-Erik Nykvist, CEO of Fastighetsbyrån, a realtor.
According to new figures from Svensk Mäklarstatistik, an organization which tracks real estate prices, while the prices for co-ops in Stockholm county have increased by 45 percent in the last five years, they have jumped 166 percent in Norbotten county. In Söderköping municipality, just south of Norrköping on the southeast coastline, the prices for co-ops leaped 402 percent in the last five years.