Here the prices of holiday homes have risen the most
During the pandemic years, the holiday home market was red hot. Then the travel restrictions were abolished, inflation made entrance and the interest rate hikes stood as a rod on the slopes. Suddenly there were few who wanted to turn on a holiday accommodation, and the more people wanted to sell.
But during the past year, a recovery has taken place, shows figures from Swedish Real Estate Statistics that the Real Estate Agency has compiled.
– The holiday home market is more cyclically sensitive than the market for permanent housing. It was very challenged by inflation and interest rate pressure. But the last year’s reductions have made more people start to see a location again, says Johan Engström, CEO of the Real Estate Agency.
In the state as a whole, prices for holiday homes have risen by five percent over the past twelve months. In five years, the price increase is 32 percent.
– It is almost twice as much as permanent housing has increased in price over the past five years. But then you have to have the pandemic was one of the strongest holiday home periods ever, says Johan Engström.
The differences between the counties However, is big. In Stockholm, which is by far the most expensive and largest market in terms of the number of items sold, prices have basically stood still in the past year. At the top are Gävleborg and Värmland with rises of 33 percent.
At five, it is in Kronoberg and in Jämtland that prices have stuck away most, much depending on Germans and Norwegians who have driven the development.
Johan Engström emphasizes the importance of doing proper research as a buyer and not rushing. The risk is that you pay too much, or miss costly details.
– You should do a careful wish list and take a little more time than a regular accommodation. It’s easy to just see a dream and forget about the logical reasoning, he says.
One who recently chosen Turning at a summer place is Sandra Linder, who is behind the Instagram account Ekonomamman. Last summer, she and her husband bought a village in Värmland, not far from where they live.
– It was a pure coincidence that it became this little village. Everything clicked, she says.
The idea of buying a country place had been around for a while, but it was only when Sandra Linder saw the torpedo for the first time on a rainy summer day that she knew that was what she wanted.
– I had been very stressed and exhausted during the year, and just felt « I must have this ». It was the feeling of having something close, primitive and simple. To just be, go offline, play in the garden and not have to think about all the must, she says.
At that time, it was a bidder who had a bid for the starting price. In order to avoid an upset bidding, Sandra Linder chose to place a hidden bid with a quick contract writing requirement.
– I had not tested that strategy before, but I feel that many win it and that it will be a faster business, she says.
The first hidden bid was rated by the seller. The second was accepted. Still, it became stressful because some additional bidders came in just before the contract was signed.
– Nothing is certain until you looked at the agreement. I sat all night before and hoped it would not go over what we had put.
But the commandment stood. Now the family is looking forward to spending the summer there, and planning to do gradual renovations.
– It must take the time it takes. That is the advantage when you do not live there permanently. For example, I found parts for the « new » kitchen on Facebook Marketplace, so it will be fun to find, reuse and create a cozy place to just be.
Read more
