Saturday, 7 May 2011

Stylish living in Sweden

Although it's just a two-hour flight away from the UK, very few Brits buy property in Sweden, and yet the country has much to offer as it has stunning scenery and great skiing. While the north of the country is sparsely populated, the southernmost part of Sweden is on the same latitude as Edinburgh and the cities of Gothenburg and Stockholm have lots of cultural entertainment and restaurants but yet remain relatively uncrowded.

Temperatures here can reach 30°C in the summer and the area attracts large numbers of Dutch, Germans and Norwegians who buy summer houses as holiday homes.

Prices in Sweden fell by around 10% to 15% in the aftermath of the global financial crisis, but as the government lowered the interest rates, prices have gradually climbed back to where they were at their peak.

Property prices are much lower outside the cities and towns and a lot of Swedes own a second home, or summer house which is little more than a log cabin.

These can cost as little as £25,000. Prices in Stockholm can vary as it is made up of separate villages which each have their own character. In the city centre most people live in apartments, and not surprisingly this is the most expensive area at around £6250 per square metre.

A family house close to the city centre will cost about £773,000, but you can halve this figure by moving slightly outside of the city. Swedes enjoy a very high standard of living, and there are good job opportunities here for people with good qualifications, but taxes are high.

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