Average price per square meter of an apartment in Sweden 2023, by city

Stockholm was the city with the most expensive apartments in Sweden in 2023. An apartment in Stockholm cost approximately 7,350 euros per square meter as of the third quarter of the year, while in Gothenburg, the average price was roughly 4,700 euros per square meter. Malmö was most affordable, with an average price of 2,746 euros per square meter. In Sweden, about 65 percent of the population lives in an owner-occupied home.

How do prices in Sweden compare to the rest of Europe?

The Swedish capital ranked among the 10 most expensive cities in Europe for buying an apartment in 2023. Becoming the owner of an apartment in Stockholm was slightly more affordable than in Amsterdam, but slightly more expensive than in Innsbruck, Frankfurt and Oslo.

Is housing in Sweden affordable?

The growth of house prices in Sweden slowed down in 2022, allowing incomes to catch up and affordability, as measured by the house price-to-income ratio, to improve. Generally, Sweden has a better housing affordability than most OECD countries that report the indicator.