Record high interest in buying Swedish summer houses

Record high interest in buying Swedish summer houses
Summer houses with access to water are the most popular. Photo: Fotograferna Holmberg / TT
During the coronavirus crisis, interest in buying a summer house in Sweden has soared, but supply is lower than usual.

“There's a continuing demand in the whole country,” said Marcus Svanberg, CEO at estate agent Länsförsäkringar fastighetsförmedling.

“It's still a very strong market. There are really a lot of people at viewings, and absolutely a high pressure.”

In June, preliminary statistics from Swedish Estate Agency Statistics (Svensk mäklarstatistik) showed that 942 summer houses were sold in the country in June, an increase from 897 in the same month last year. At the same time, there was also a rise in the number of apartments and primary homes sold in June. 

But there are fewer summer homes on offer this year, Svanberg said, with many choosing not to sell their property this year due to the travel restrictions and uncertainty linked to the coronavirus outbreak.

“Those who are thinking of selling have the wind at their backs at the moment,” he explained, adding that his company had more interest from buyers looking for a summer house than they had properties for sale.

The most popular areas are those near the coast and close to bathing areas.

The market has also changed in other ways, with fewer international buyers compared to a usual year, as many countries – including Sweden's Nordic neighbours – still advise their citizens against travel to Sweden. 

According to property website Hemnet, 1,228 summer houses were sold via their site – the highest number in a single month since 2015. The difference in the two sets of data is down to how they define “summer houses”.

Vocabulary 

second home – (ett) fritidshus)

to sell – att sälja

last year – i fjol

(property) viewing – (en) visning

demand (as in 'supply and demand') – (en) efterfrågan

 


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