Real Estate Sweden Q and A
Sweden is fast becoming a popular destination for expats to work in thanks to a good quality of living as well as affordable real estate. Sweden may take some getting used to but is a pleasant place to live. Below are some questions and answers about Sweden when it comes to real estate.
Are properties cheap in Sweden?
When it comes to real estate, Sweden (https://www.bluehomes.com/Immobilien-Schweden/S/de/debut.html) has plenty of affordable homes available despite the relatively high cost of living there. Prices range from as low as 30,000 US dollars but commonly go between 50,000 to 350,000. Prices in the city would reasonably be higher.
Can foreigners purchase property in Sweden?
Yes. There are no legal restrictions for foreigners owning real estate in Sweden. Foreigners are also free to use the property as a permanent residence (second home) or for leisure purposes (vacation home).
Is it easy to purchase a home in Sweden?
Yes. Home purchases are made through bidding. Though it is required to be done with a real estate agent who will be responsible for documenting the transaction, and of course make things easier.
Is it affordable to live in Sweden?
Sweden is seen to have a pretty high cost of living. On the contrary, a monthly budget of 1000 dollars for individuals would be quite reasonable, hence the reason many see the country as an option to migrate and purchase real estate. Sweden in on the lookout for both skilled and unskilled labor for those who are adventurous enough.
What types of property are available?
Sweden has three types of property available. The Property (Fastighet) a piece of land with or without a building. The Condominium (Ägarlägenhet), an apartment without a housing cooperative association and lastly, the Housing cooperative apartment (Bostadsrätt) which is closer to the definition of a condominium in other countries, wherein the apartment owner will pay association fees and the building is owned by the housing association.