If you bought an apartment in Stockholm 10 years ago, you’ve made at least 1000 crowns every day ($AU158) since then — by just living.
Since 2006, living costs have roughly doubled in the Swedish capital, and the current average square meter price of 95 000 crowns ($AU14,997) for an apartment in the central districts surpasses European megacities such as Paris.
“What’s different with Stockholm is that real estate prices didn’t plummet after the Lehman crisis. There was just a temporary blip, before the upward trend resumed again,” said Per-Arne Sandegren, chief analyst at Svensk Mäklarstatistik, a company that collects data on the Swedish housing market, to SvD Näringsliv.
In Berlin, another booming city, the average price is less than half: 45 000 crowns, or the price point of Stockholm a decade ago. An apartment in Copenhagen, Denmark is roughly half as expensive as one in Stockholm.
So if you were lucky enough to buy a 100 square meter flat in Stockholm in 2006, you will have made some 1200 crowns on your purchase, or some 8400 crowns per week ($AU1,326), concludes SvD.