House prices grow by more than 50% in Sweden’s northern counties

House in Umeå, Sweden. (Thomas Nilsen/The Independent Barents Observer)
House prices in Umeå and Luleå have increased by more than 50% over the last five years, figures from Fastighetsbyrån, Sweden’s leading real estate agency shows.

Norrbotten and Västerbotten, the two northernmost counties in Sweden, top the list of price increase on houses. In Norrbotten, prices are up 57% over the last five years, followed by Västerbotten with an increase of 52% for villas.

On average for all of Sweden, prices are up 39%. Stockholm still has the most expensive villas with an average house price of nearly 3,9 million kroner (€409,000).

Sharpest percentage increase, though, average villa prices in Norrbotten is 1,11 million kroner (€115,000). Average price for a house in Västerbotten is now 1,42 million kroner (€149,000).

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Thomas Nilsen, The Independent Barents Observer

For more news from the Barents region visit The Independent Barents Observer.

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