How far does $1,000,000 go in Sweden? In this video we take a look at Swedish and American houses and compare the prices in different areas. IG: StefanThyron
You can't compare house prices just by size. You have to factor in the quality too. US houses are built extremely cheap. Even big mansions are built cheap. Looks nice in a distance, but when you scrape on the surface...oh boy :-)
I think it's quite similar if you compare Europe with the United States. If you are watching Matt Risinger while visiting Switzerland and Germany ruclips.net/p/PLDYh81z-RhxhkamdncMUotLFMVfHwNtMp So there seem to be big differences in how to build houses.
Looks like he’s comparing Swedish apartments made from concrete to American apartments in Portland that are also made from concrete. I’ve lived in both Seattle and Stockholm in homes built by skanska and have noticed the price being cheaper in the us then in Sweden with similar quality
Yep but location is also so important i mean we have big houses in Sweden that would only go for about 60k usd because they are in places where jobs are few and far between.
Carpets are good so that police can come back to the house and collect DNA in case it was a past murder scene even though a few families lived there since then.
40 minutes drive from Stockholm inner city you'll get a house that's twice as big as those 3-4 rooms apartments for half the price. Täby is really expensive also for some strange reason. Just a few minutes longer from Stockholm city and it's half the price compared to Täby. Soo.. you can't really compare the prices with Stockholm inner city, because they not at all representative for "Swedish" prices.
@@ollesundin9025 I know that... I live in Sweden but I was just pointing out that he was comparing prices but the prices of the houses he showed in Sweden were probably after taxes while the ones in US are before but ye even if it's factored in, it wouldn't make a dent to the difference
Stockholm is like new York, everything in Stockholm is overprice and everything is verry verry expensive, IF you go to like Norrland, Östergötland, etc you can get houses for like 300k US dollars, thats look like a mansion and aparments Cost like 100k US dollars and it's With 3 rooms and stuff,
A factor missed is how the pricing is done - in Sweden we set a low price and then the sale goes up by like 10-20% at least. I don't know the system in the US, if it is the same with low prices and then bidding that always makes it more expensive or not.
yet another factor is the climate. places with long, cold winters require houses with heating cables in.door and out-door, and that are better isolated
@@AlexKall out-door, yes. is that new? i guess you are a swede, thought you would be familiar with it. my (norske) town has heating cables in the side walk in some of the streets
@@themetricsystem7967 Some roads yes, side walks, in some places maybe. Generally I would say it's not that common. I'm guessing for indoor you're referring to "golvvärme/gulvvarme"? Took me a while to get what you meant there, was a bit tired :)
@@AlexKall ja, gulv-varme. quite common in norway, i would say, to melt the snow on the stairs leading up or down or around your house during winter. it can prevent quite some broken legs
anyone can compare anything. I think his comparison was his city living in Stockholm to what he saw in texas. I live in Los Angeles and we all know that where I live the prices are between 500k and 500 Million. so with that said even the lowest prices in LA are about 80% of what texas has. Texas is not as urban as LA but I can compare if I feel like it. they're both real estate regardless of their location, size, and build
I would say the comparison works, I would prefer if he compared to us cities with a similar population to Stockholm. Comparing texas and Norrland is way worse though. Texas is one of the most populated states with a few large cities. Norrland is extremely sparse and I would argue that there isn't a single big city, and barely any cities at all.
I would think to compare capitol city to capitol city, so compare to Washington, DC.
3 года назад+5
The thing is that unlike DC, the European Capitals are all the biggest and most expensive cities of their respective countries, the only 2 exceptions I know of are Berlin and Madrid that although they are the biggest cities of Germany and Spain, are not the most expensive.
@ I agree, but I think that reality is significant. When I speak of DC, I am also including the actual places around it where most people live, which are cities and townships in Maryland and Virginia that surround Washington, DC, which are quite expensive.
@@starkovichforster The thing is DC metro is not the most expensive for home sales or rents in the U.S. although it usually is in the top 10. For home sales in the continental U.S. its usually San Francisco Bay Area, Los Angeles metro, San Diego New York metro, and then DC. For rents its usually San Francisco metro, New York metro, Boston metro, LA metro, and DC metro.
The bigger cities like Stockholm and gothenburg does cost alot to live in but in smaller cities higher up in Sweden you can find houses for way less and way more like the prices in Texas so I think you need to compare it with like new York instead
@@StefanThyron yes but generally apartments and houses cost more when more people live there and there lives a lot more people in Stockholm in comparison to other cities in Sweden
Of course it costs more to live in larger cities, but other costs are often more expensive in smaller cities because the competition is less, e.g. food and fuel.
@@Anders.Stromgren this is simply not true for fuel, cheapest gas station in Malmö ranks at 28th, Gothenburg 51st and Stockholm not even in the top 100. From personal experience food prices in Stockholm is higher than many places in Sweden.
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Ligger inte Sverige lite mer norrut än Texas? Gissar att de inte har lika kalla vintrar i Texas och därför behöver inte husen vara lika mycket isolerade mot kyla.Därfär är husen så mycket billigare.
Läget utgör en mycket större andel av kostnaden än kvalitén på huset dock. Man kan få en riktigt bra stor tvåplansvilla i Norrlands inland för vad ett litet rivningsobjekt kostar nära Stockholm.
If you look at NewYork and LA you will see prices 10X of Stockholm. And if you compare construction standards in Sweden and USA you may in many cases see that big houses in USA are less robust and therefore less costly. Whether isolation is usually more robust in Sweden and in USA heat and cold are managed by air-condition. In Sweden it is not that common with AC. When visiting Arizona I was impressed by all the big houses but when I was in one it was a disappointment. It was built like a house of cards with absolutely no Isolation. It is tricky to compare prices even within USA and even more trickyy to compare to other countries.
He means insulation. Not isolation. Also, it is not only about having a lot of insulation. How you insulate is very important. To avoid "cold bridges" (Thermal bridge?).
Depends on the age of the home you buy in the US, most Swedish homes are way newer then American homes because lots of homes here have existed for 150+ years.
when im watching construction shows from the US im always amazed how flimsy the houses are built, here in sweden we have extremely thick walls, alot of isolation and warming costs (especially up north) we have central heating, floor heating, ground heating and "bergvärme" triple layered windows filled with argon gas for isolation etc.
Question about the windows when you say triple layered windows filled with argon gas for isolation it means what? Soundproof, protection from cold what exactly? Humor me plz Im confused!
@@pamelqtaylor8335 There's three layers of glass and the space between is filled with argon gas to maximize insulation from cold and heat. (And it also works great for sound). This makes a big difference when it comes to heating of the house!
In some places in America houses go for like €5000. Although in sweden, houses have to be built for the cold which means thick insulated walls and no wooden shacks.
But those houses have a neighbour 5 meters away.......that would bring down the price ALOT in Sweden. If U compair prices the yard/garden is super important for us Swedes. We dont wont to be TOO close to our nieghbours
U might want to update since the market is so different a year later. I am comparing my $640,000 4 bedroom 1947 home with 5 acers to Homes in similar climate and style to Coos Bay Oregon (coastal woodland) In Sweden and I can buy something for around $200,000.
$100k salaries in Sweden is really something unheard of, taxes are skyhigh, most people live on $30k/year, so no, it’s not like Swedes earn way more than US folks. There are benefits as well, like healthcare system and daycare, but if you’re young and healthy you’re not gonna use them. And young people are the ones who are having a trouble to get into a real estate market.
If ur going to compare something u gotta be fair😬 u can’t actually compare the capital city with a normal city. Do Newyork and Stockholm we can talk then
In Sweden you can get a very good big house for 13.000$ outside Stockholm. We are not talking about a a cabin or a less quality! In some parts of Norrtälje you can get an 4 rooms appartment of a 100 SQM for 170.000$. This is a part of the stockholm area. A house in Rimbo will cost 200.000-300.00$ depending of the size. Then we are still in the Stockholm region. Almost half the price of closer to stockholm prices.
In Sweden there seem to be a very big focus on putting everyone in Stockholm, Malmö, Göteborg or other bigger cities and it's working.. So far. But prices are very high and kids often have a hard time moving away from home even at about your age (when someone should have left home for quite a while ago). It won't work in the long run. My guess is that cities will become tighter but more and more will try to live in smaller cities or on the country side. Not everyone enjoy city life either mind you. Sweden is a big country so I hope more places will draw more people. Then the prices in Stockholm might drop a bit too. Paying like 2 million SEK for a small apartment in a half-decent suburb is insane to me when you can go to the country side and get a huge house for the same money...
Well, most of those depend on which county you live in. Also, earlier we had a tax on wealth which we don't anymore so that isn't a factor. But living a house outside a city costs of living is generally around 3000-4500 USD per year depending on the size of the house, energy costs and so on. Most you pay in taxes for a house is about 900 dollars per year.
@@Dumlen Yeah not necessarily exact tax numbers. I guess more curious about closing costs/fees and process differences. (In US it’s things like surveying land, title insurance, loan origination and escrow fees, appraisal...ends up adding 2-5% to purchase price)
U should check houses further north in Sweden, there u will see a bigger disctintion on prices, for example a house worth 1 milj dollars in stockholm will cost u about maybe 100k dollars or less instead if the houses are the same size, so location location location
Do a video on buying a property in Sweden. An easy way to convert meters to feet, 1 square meter is about 10 square feet. It is really different to buy property in Sweden. You go to the bank before finding a house and find out how much the bank will give you a loan for. Those "prices" on the Stockhom site are about 20-25% below what they will sell for, there is a bidding process, and you bid the amount you can. There are no appraisal required by the bank, nor title search, and no closing costs for the buyer. Properties will usually sell with in two weeks of being listed. Most of the viewings are for only 1 hour between 11:00 and 14:00 on Sunday and Monday between 18:00-19:00. One has to be really strategic about looking at properties. Just contracted a an apartment in Stockholm, 7 km south of central, it was a little below current market rates. Ninety-six square meters,~ 1,000 square feet, less than 20 years old, a little over $400,0000, great view of the subway. It took about three months to find a place that checked all the boxes for me and hubby. FYI Täby is the second richest city (commune ) in Sweden.
I thought that Stefan had common sense, but it does not seem like it. What I mean by this is that it is self-evident that it is more expensive to live in a neighborhood particularly in apartments in major cities like Fjollträsk (Stockholm) than to rent or own a house in the Norrland of Sweden.
I was looking at hemnet at a house think up north a bit, 430m2 with new roof and stuff, cost a few hundred k more than a 40m2 apartment on Södermalm, i would never spend that much just to live in the inner city of Stockholm. Rather get a nice house in some rural area of Sweden for far less with a lot more space, and nature close by.
I’m from Lincoln, CA, a suburb of Sacramento in a Del Webb Senior Community. Housing prices are sky rocketing here right now. According to Zillow, my house increased in value by more than $17,000 last month. My next door neighbor sold her home for $130,000 over asking! But the new owners lived in San Francisco where house prices are astronomical. Enjoy your videos as I plan to visit family in Stockholm very soon…after the War.
I live in Sweden and the house I live in costs around $380 000 and it's like 5 rooms. So in Sweden it really depends on where you want to live. So do like the town I live in (Lidköping) to a town that's almost the same size in the US.
You’d have to compare the availability of public transit etc. Even in Täby you have good rail connections to central Stockholm. You can get a massive house in a small Swedish town, but where the infrastructure of public transit is comparable to most sprawling American cities, especially in Texas. Since you have to factor in the price of car ownership and the relative distance to everything when you live in an urban sprawl area, prices tend to go down. You also have to factor in that there is 0 estate tax in Sweden (Sweden is pretty unique in the world due to that), while in the USA it’s 18-40% for inheritance. Estate taxes tend to push down value, because people factor that in while purchasing.
What you don't get hardly anywhere in America though is the urban city design that Stockholm has. Things like mixed use commercial/residential, bike lane design, more pedestrian friendly walkable spaces. It's almost impossible to get that in most American cities. America is mostly designed for the car, not people. I would gladly trade all the space in my western US house for those things.
Don't forget the effects that lower down payments (15%), a lack of property taxes and really low interest rates on mortages (~1,00%-1,50%) have in increasing demand. Couple that with a notorious supply shortage and prices are bound to rise. Ammorteringskravet maybe takes a chunk out of the demand but that doesn't make up for the fact that prices are a bit inelastic since people need roofs over their heads.
This is very true! I've been looking for a year now and I keep hitting a roadblock trying to get into a place here in the states. Its really stressful when I'm on a time crunch to look. It shouldn't be like this working Full Time in an essential service job. 🙃
Apartments im my swedish village were super cheap when i moved from home. I bought my firs 3 room Apartment for $12000. Just needed $1000 up front. And have been fortunate to build up to a house with the earnings from when i sold . I know this is super privileged, and i think its much worse today in my area for those who were born after me. (Im millennial)
another interesting topic is home decor - when i was there a few years ago, i was surprised that there weren't that many upscale home furnishing stores...at least i didn't find them. it doesn't seem like a huge consumer market - not the way we make major purchases for home furnishings, upgrades in older homes, etc. would really like to see you cover that.
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Do they have the monthly fee in the US apartments as well? Almost all (if not all?) apartments in Sweden are part of a "Bostadsrätt" so you have to pay the housing organisation (Bostadsrättsförening) a monthly fee to pay for maintenance of the general house. Such as plumbing between apartments, staircase and halls between apartments and so on. I would love to see more dive in into Swedish medium-sized cities (~100k inhabitants), small cities (~20k inhabitants) and proper rural areas (
Please do a comparison of Goteborg. Seems like Goteborg is becoming a pretty hot, international city. Maybe not as exciting as Stockholm, but seriously worth considering for "Swedish Americans" considering a big move!!!
Houses are not comparable really. Check the depreciation/longevity or ”livslängd” on swedish vs American houses. From what i can remember houses don’t ”last as long” in the US, and are constructed differently. An old brickhouse in Vasastan is alot more durable than a wooden house. You also have to account for the mortages within the coop you are buying in. If it’s mortage free, it’s less expensive as compared to equivalent apartment with coop that has mortages. Because apartment in sweden you buy shares in the coop(”non profit”) company , and your square footage of the whole building determines your ”share” of the coop. (Your share also include the responsibility for your share of those mortages withing the coop.) As well as collective payment for maintenance, It’s ran like a c-corp with some special rules.
Generally Swedish houses are a lot smaller than in the US. I think there are many factors behind that: - Swedes typically have a summer house which I don't think is as common in the US - Heating - it costs more to heat a big house especially with cold winters (but in fairness cooling it in Texas is probably not cheap) - Culture - the Swedish culture promotes modesty and having too lavish a home may be seen as bragging - Environmental thinking - there is a cultural streak towards downsizing and generally trying to live in a way that is friendly to the environment and big houses do not square with that.
How is the market in the US? In Sweden the prices is a starting price that almost always rise a lot with bidding. So our market is ment to raise with bidding. But i know a lot of markets in other countries is kinda the opposite that the price is fixed and you should just accept it OR giving a lower bid. So the price shown is often a ”maximum” price instead while in sweden it can be seen as a ”minimum” price. Makes a big difference in the end. Also build quality etc... is very different between different countries. Swedish houses and flats are often high standard compared to many countries. I have seen a lot of house buying tv-shows from for example england and denmark and i have always thought ”the hell, that’s an expensive pricetag for that house”... but that’s with a swedish way of looking at house prices... since i automaticly see it as a price that will rise but in the tv-shows they always bid lower than the price. So in the end it isn’t neceserly so expensive. It isn’t rare to see prices more than double with bidding in Sweden
As you are aware, the city of Stockholm is build on a bunch of small islands, which makes the municipality basically a archipelago. This makes every square inch very expensive, as there are no more places to build on. There is actually an idea on the table, to move the financial and commercial capital of Sweden further inland (close to Örebro) and only let the governing bit stay in Stockholm (kind of how Washington DC is, to New York). Not all politicians are really that keen on this idea. But to be fair, it probably needs to be done. Second, the building codes for houses in Sweden are very strict. And for every two years they add more and more regulations on how to build houses etc. So that's one reason why even new, modular houses are that expensive. The only real difference is the land value, that can differ A LOT between cities and regions (like in Norrland and Småland, you can get land really cheap, while closer to bigger, and "hip" cities it's quite expensive.
Stockholm and Göteborg is like and New York San Fransicso in price. And the further north and inland you get (not the coast via E4) its gets cheaper (excluding the ski resorts).
I think you should also mention the yearly property taxes for these places, as the total cost goes up in time more for higher tax rates. In US, there are areas with 2% tax rates, in Europe, there are countries with 0.5%.
I have seen the show Fixer Upper with Chip and Joanna Gaines many times and just love it I have also picked up the different prices around Waco and understund ofcourse that Stockholm is the capital city in Sweden , its cityprices ? Dont know If i can say it like that but for me its so crazy .You get so large houses and often a lot of land for half the money . Its difficult to compare Waco or another town in Texas to Stockholm cos its so different to each other I know that the prices in NY or LA is much higher but its interestning to see the differences. Its sad for many citizens that the prices are so high cos it narrow everebodys choiches down
There's a big difference in quality of the architecture and quality of materials as well. There's a reason houses and apartments in Sweden is more expensive compared to america.
@Riley Frost While that certainly is a factor, quality is a large oneone as well. Being able to withstand the climate, and meet stricter building regulations plays a huge part.
Interesting to compare. I live near Vancouver, British Columbia in Canada. It's not too far from Portland. Check out the cost of the same housing here...
quality makes a big diffrence but also where you live in sweden i come from a small village a mansion there might cost the same as one room apartment in stockholm so it all depends on where you live
You do not usually own your apartment in Sweden even if you have bought it. You own a certain share in a Housing cooperative. Can be good to know when comparing.
Very interesting! You should check out other parts of region Stockholm too. I wonder about the standard of building houses in the US. Because of the climate in Sweden the houses need a powerful heatingsystem and good isolation to be comfortable at the same time as relative economical. How much difference is there and how does it make for the building costs and prices?
Well it really depends on where in the U.S. Wood frame homes are the most common type home because they are fast and cheap to build and easy to customize. They do age fast however especially in humid/rainy locales. I live in California and here the building codes and materials are very regulated due to earthquake codes so you cannot build a new building using brick for example. Older brick buildings have to be reinforced. Bigger buildings do use steel and concrete and more durable materials, but average 2 story/floor homes still use wood framing along with earthquake zoning code adjustments. In terms of heating/cooling--generally all homes are built with added insulation. Its not usually a big issue where I live because the weather/cilmate is very moderate--not too hot or cold. Some people don't even have heating or air conditioning because they don't need it. However the farther inland you go the more you need both in the summer (air conditioning) and winter (central heating or fireplaces)--it does snow in the mountains of southern California. In other areas of the country wood frame homes have simply become the fastest cheapest way to build and sell massive tract home developments. Developers buy the cheapest land outside big cities and build brand new--inexpensive to build--wood frame homes (although some thought does go into modern design and amenities--you can customize in many cases). Its all about corporate profit in the U.S. of A. 😕 They are inexpensive to build however developers will sell their finished product at market rates which means building costs are not tied to selling costs. They only or mostly build in large expensive markets to make profit--markets like California where real estate is generally expensive. The median home price in Los Angeles County is now USD$700,000 which is about 5.8 million SEK.
Stockholm is pretty much known for the high prices but is you take a small town, the highest price on a house is like 3-4 000 000kr (this is just my experience)
There is an apartment, 5 rooms and a kitchen up for sale in Dalarna for 120000, about 12000$.. It's a very nice looking apartment, but it's too far from my job..
That's a really unfair comparison. Try maybe NY vs Stockholm. You can get a lot (I mean a lot) of house space for 300,000 USD in central and north Sweden.
Thanks, Steffi, absolut intressant! Standard vs pris. Komfort vs stil. Metro vs buss. Status vs finanser. Etc. & location, location, location, naturligtvis. Tummen upp, så klart!
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You should consider that when you buy a "bostadsrätt" in Sweden you don't actually own the apartment you own a share of the "bostadsrätt" and therby the right to live in the apartment. You are paying a monthly fee also. Sweden is one of the few countries has this setup. Not sure if that is the same in USA but I doubt it. So to compare the price in sweden for apartments the price is actually higher. Most people in sweden dose not understand this because they are not aware of the alternativ. To compare prices with other countries you should try and find "ägarlägenhet" sv.wikipedia.org/wiki/%C3%84garl%C3%A4genhet. There are not that many in sweden because most people don't understand why they should pay more for these apartments.
Availability and demand - that is what sets the price levels and it is mainly concentrated to the bigger cities like Stockholm, Gothenburg and Malmö and a few others. They attract many because of job opportunities etc and people move in faster than they can build. It's another story in places people move from. The prices are much lower and you get more for your money, but what's owning a great house if you can't get a job where you live? If you consider buying property, I strongly recommend that you see it in reality before you decide to buy (or not). The photos in the Estate Agents' ads on the Internet get all shadows removed in post processing so everything looks much brighter than it is in reality.
How about comparing smaller cities in Sweden and the US. Try Borås in Sweden, home to my cousins, to South Bend in Indiana, home to Notre Dame. They both have populations of about 100,000
In my home village house prices ranges from 12000 dollars to 48000 dollars för around 1800 square feet sometimes more as location is key. You could literally buy a whole street for the price one apartment in Stockholm
In rural Sweden, like Dalsland and Värmland and even further north, the houses cost about the same in SEK as your houses in USD. For 1000000 SEK you can buy a whole farm :)
3 года назад+2
Stefan: What's up everybody it's STFN here! Me: What's up Steeeefan!
Sometimes just a few hundred yards make a difference. I live in a small village in southern Sweden, about 800 people, by a lake. It's a very nice lake, lots of small islands where you can go ashore and go for a swim, or camp overnight. The houses that are on plots that are on the shore, with private beaches, and jetties for boats, cost waaay more than the houses that don't. Like ten times more. Okay, those houses also tend to be bigger and fancier. So it is a bit like rich people can consider living here if they get a private beach, otherwise not.
Comparing housing prices from Stockholm to a Dallas suburb like Garland is like comparing the prices of living in Manhattan to living in Småland. It's incomparable. You're using two locations that are completely irrelevant to each other, my man. The same 4 bedroom house that goes for a cool million in a more sought-after Houston neighborhood would only be $250,000 in Växjö. I think you may be misunderstanding a key concept about real estate, homie. It's all about your location relative to where the action is.
The Dallas Metro area is over 7 million people, almost 3 times the size as Stockholm. In Dallas there's also a ton of economic opportunities, better weather, and low taxes. I think Dallas suburbs to Stockholm suburbs is a far better comparison than Dallas to Småland or Stockholm to New York. New York real estate would blow Stockholm out of the water and is hardly a fair comparison either. There's always going to be differences but I think it's still interesting!
I live further up north in Sweden and i can't understand how insane the prices are in Stockholm. How can anyone afford that? My first appartment that i bought i paid 70 000 kronor for. It was 64 square meters, nice big kitchen and separete bedroom. Really nice size. My house that i now live in i bought for 350 000 kronor. And that includes the house, a barn, a woodshed, 2 garages, 3 hectare land, a forest etc. I'm just saying there are cheap houses/apartments in Sweden you just have to look abit further away from major cities. :)
To be fair you can’t compare the price of a home in the outskirts of semi rural Waco Texas to homes on some of the most exclusive streets in Stockholm. It’s just a false equivalence, you can easily get a good home for $100K - $150K in equivalent parts of Sweden, if not less. Imagine if you compared Manhattan to Stockholm, $500K will get you a closet in Manhattan.
The vast majority of houses in Sweden, Stockholm included are identical, and by this I mean they all have an inner cheap but functional & efficient structure but then the exterior is wooden or fibre glass sidding, either yellow, white or red. Go ahead and walk around and check. Yes, the older ones built in the 30's etc are solid stone as found in the prestigious central Stockholm areas for example, but go ahead and drive through all the other areas and suburbs and it will dawn on you how correct I am. They're all pretty much the same. Cheap siding staple gunned & glued on.....red, yellow or white. Then drive through a neighbourhood in Tampa Florida, or Dallas Texas or Las Vegas and see the diversity in home models and how exciting the neighbourhoods look, and far far better quality....contrary to many of the comments posted here thus far. And yes, I'm Swedish....living in the US now.
This is so interesting, I am a Swede living in the us. We’re currently looking for houses here, some other differences is that the house taxes are pretty high, a house for 500000 you can easily pay 1000 dollars per month, the interest are pretty high compared to Sweden aswell. Also when you buy a house in Sweden the asked price will go up and everyone knows about the bids. Here in us no one knows what the other person is bidding, and when you buy a house you will have to get a person that does an evaluation of the estate and the bank does not budge from that, which means that the price can go down even further.
Aaaand in us you normally have a realtor both as a buyer and a seller. They each usually take 3% each which the seller will provide for both of the realtors
@@charlieroberts672 what? No haha 600k-900k is the price of the average middle class family home here. It's ridiculous. I wish I could afford to be a sugar mom 😂😂
Toronto real estate is super inflated. Another difference is a lot of Americans strive to pay their mortgages off - the debt free thing. I don't think that's a "thing"in Canada, which may be a contributing factor to the super high home prices there.
One thing to take into account is that a normal mortage rate in sweden is abount 1-1,5% From ehat i've heard, a normal mortgage rate in the US is somewhere around 4%.
As a resident of Texas im looking at these houses in Dallas like no i dont think so and those are prices that californians and people from other states look at like wow thats cheap but these are inflated prices
We brought a 4 bed house with ¾ acres of land for 120,000kr which is 10,000 GBP in England. Your lucky if you could buy a single garage for 10,000 GBP in England. The average price for a house in England like we have in Sweden is 400,000-600,000 GBP
I want to see houses in Norrland and compare them to rural US, and compare more interiors 😄
me to ;)
yes
Compare farms in the US aswell with farm/farmhouses and achers of land in småland
Yes! Houses in Norrland is really cheap. You can get a 4 bedroom house for $30.000.
Yes!
You can't compare house prices just by size. You have to factor in the quality too. US houses are built extremely cheap. Even big mansions are built cheap. Looks nice in a distance, but when you scrape on the surface...oh boy :-)
The roofs on American houses are soo thin comapred to swedish houses
I think it's quite similar if you compare Europe with the United States. If you are watching Matt Risinger while visiting Switzerland and Germany
ruclips.net/p/PLDYh81z-RhxhkamdncMUotLFMVfHwNtMp
So there seem to be big differences in how to build houses.
Looks like he’s comparing Swedish apartments made from concrete to American apartments in Portland that are also made from concrete. I’ve lived in both Seattle and Stockholm in homes built by skanska and have noticed the price being cheaper in the us then in Sweden with similar quality
ruclips.net/video/cLIbIpQvSM0/видео.html
Yep but location is also so important i mean we have big houses in Sweden that would only go for about 60k usd because they are in places where jobs are few and far between.
Everytime I see wall to wall carpets I wanna rip it out of there and burn it.
Yes EWWW
Carpets are good so that police can come back to the house and collect DNA in case it was a past murder scene even though a few families lived there since then.
40 minutes drive from Stockholm inner city you'll get a house that's twice as big as those 3-4 rooms apartments for half the price. Täby is really expensive also for some strange reason. Just a few minutes longer from Stockholm city and it's half the price compared to Täby.
Soo.. you can't really compare the prices with Stockholm inner city, because they not at all representative for "Swedish" prices.
Especially Vasastan!
I agree on that one, I tried to compare it a little bit myself and generally the house and apartment prices in the USA seems to be cheaper.
Samma med Göteborgs området!!
So true
Jag bor också i täby
Gissar att du gör det, det var därför jag skrev ”också”
U forgot that the Swedish prices are starting prices, its about 75% of the actual final bid for the flat/house while the US prices are accept price
Isn't it also that when someone buys a house in the US they also need to pay taxes for it as well?
@@ImmunityG Oh boy no one has more taxes than Sweden.
@@ollesundin9025 wait so the prices he was checking for Sweden, these were before taxes?
@@ImmunityG Not too sure, but whatever taxes you have, they’re double here
@@ollesundin9025 I know that... I live in Sweden but I was just pointing out that he was comparing prices but the prices of the houses he showed in Sweden were probably after taxes while the ones in US are before but ye even if it's factored in, it wouldn't make a dent to the difference
Stockholm is like new York, everything in Stockholm is overprice and everything is verry verry expensive, IF you go to like Norrland, Östergötland, etc you can get houses for like 300k US dollars, thats look like a mansion and aparments Cost like 100k US dollars and it's With 3 rooms and stuff,
Hello, can you tell me what website do you use in Sweden to buy property?
@@alial-ibrahim6808 You could try Hemnet.se there is alot of the houses and apartments listed.
I live in Örebro and my family got a 5 bedroom apartment on the highest floor for only 2 000 000 sek, that's crazy value
A factor missed is how the pricing is done - in Sweden we set a low price and then the sale goes up by like 10-20% at least. I don't know the system in the US, if it is the same with low prices and then bidding that always makes it more expensive or not.
yet another factor is the climate. places with long, cold winters require houses with heating cables in.door and out-door, and that are better isolated
@@themetricsystem7967 heating cables out-door? Also, heating cables?
@@AlexKall out-door, yes. is that new? i guess you are a swede, thought you would be familiar with it. my (norske) town has heating cables in the side walk in some of the streets
@@themetricsystem7967 Some roads yes, side walks, in some places maybe. Generally I would say it's not that common. I'm guessing for indoor you're referring to "golvvärme/gulvvarme"? Took me a while to get what you meant there, was a bit tired :)
@@AlexKall ja, gulv-varme. quite common in norway, i would say, to melt the snow on the stairs leading up or down or around your house during winter. it can prevent quite some broken legs
As someone planning on moving to Sweden in the future, your videos are really helpful and informative!
Happy to hear that! This was an interesting topic for me to cover!
I wouldn't recommend coming to live here honestly
don't listen to these other people. It's great here in sweden depending on where you live. You'll find that it's pretty great at most places anyways
Sweden is really Great IF you are living in THE Good parts where its warm in THE summers and Cold and Snow om THE Winter!🥳❤️😂
@@khabato6274 why
You cant compare Stockholm with Texas. Texas with Norrland...
anyone can compare anything. I think his comparison was his city living in Stockholm to what he saw in texas. I live in Los Angeles and we all know that where I live the prices are between 500k and 500 Million. so with that said even the lowest prices in LA are about 80% of what texas has. Texas is not as urban as LA but I can compare if I feel like it. they're both real estate regardless of their location, size, and build
I would say the comparison works, I would prefer if he compared to us cities with a similar population to Stockholm.
Comparing texas and Norrland is way worse though. Texas is one of the most populated states with a few large cities. Norrland is extremely sparse and I would argue that there isn't a single big city, and barely any cities at all.
@@supersneaky113 Stockholm is our biggest city so you cant campare..
@@victoria8608 Stockholm is literally smaller then Dallas though, Dallas literally has 400k + more residents ī thinks it’s a fair comparison
@@schnilos5481 but the size? Lmao, there's probably enough space for each of their citizens to have their own backyard
I would think to compare capitol city to capitol city, so compare to Washington, DC.
The thing is that unlike DC, the European Capitals are all the biggest and most expensive cities of their respective countries, the only 2 exceptions I know of are Berlin and Madrid that although they are the biggest cities of Germany and Spain, are not the most expensive.
@ I agree, but I think that reality is significant. When I speak of DC, I am also including the actual places around it where most people live, which are cities and townships in Maryland and Virginia that surround Washington, DC, which are quite expensive.
@@starkovichforster The thing is DC metro is not the most expensive for home sales or rents in the U.S. although it usually is in the top 10.
For home sales in the continental U.S. its usually San Francisco Bay Area, Los Angeles metro, San Diego New York metro, and then DC. For rents its usually San Francisco metro, New York metro, Boston metro, LA metro, and DC metro.
The bigger cities like Stockholm and gothenburg does cost alot to live in but in smaller cities higher up in Sweden you can find houses for way less and way more like the prices in Texas so I think you need to compare it with like new York instead
New York is in a whole different realm I feel like... Manhattan is INSANE!
@@StefanThyron yes but generally apartments and houses cost more when more people live there and there lives a lot more people in Stockholm in comparison to other cities in Sweden
Of course it costs more to live in larger cities, but other costs are often more expensive in smaller cities because the competition is less, e.g. food and fuel.
@@Anders.Stromgren this is simply not true for fuel, cheapest gas station in Malmö ranks at 28th, Gothenburg 51st and Stockholm not even in the top 100. From personal experience food prices in Stockholm is higher than many places in Sweden.
‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off."
Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying
Sounds like plan, how do you put money to work?
@@mav3420 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?
@@michaelcollins1220 Thanks for replying me, I've heard so many people talk about investment but none had said how to do it right.
@Hoshi Fuyo There are lots of investments options such as real estate, stock market, forex, cr ypt os, passive income,
Ligger inte Sverige lite mer norrut än Texas? Gissar att de inte har lika kalla vintrar i Texas och därför behöver inte husen vara lika mycket isolerade mot kyla.Därfär är husen så mycket billigare.
Exakt! Tänkte också på det. Tror att bostäder i Sverige är betydligt "stadigare" än i exempelvis Texas, precis av den anledningen du nämner
Kvaliten på husen i usa är generellt betydligt sämre än i Sverige
Läget utgör en mycket större andel av kostnaden än kvalitén på huset dock. Man kan få en riktigt bra stor tvåplansvilla i Norrlands inland för vad ett litet rivningsobjekt kostar nära Stockholm.
I Texas går det åt isolering mot hettan istället så det går kanske på ett ut....
If you look at NewYork and LA you will see prices 10X of Stockholm. And if you compare construction standards in Sweden and USA you may in many cases see that big houses in USA are less robust and therefore less costly. Whether isolation is usually more robust in Sweden and in USA heat and cold are managed by air-condition. In Sweden it is not that common with AC. When visiting Arizona I was impressed by all the big houses but when I was in one it was a disappointment. It was built like a house of cards with absolutely no Isolation. It is tricky to compare prices even within USA and even more trickyy to compare to other countries.
He means insulation. Not isolation. Also, it is not only about having a lot of insulation. How you insulate is very important. To avoid "cold bridges" (Thermal bridge?).
Insulation. Isolation it's freeeeee!
Depends on the age of the home you buy in the US, most Swedish homes are way newer then American homes because lots of homes here have existed for 150+ years.
As a New Yorker...I can confirm the 10x the price than Stockholm. lol
when im watching construction shows from the US im always amazed how flimsy the houses are built, here in sweden we have extremely thick walls, alot of isolation and warming costs (especially up north) we have central heating, floor heating, ground heating and "bergvärme" triple layered windows filled with argon gas for isolation etc.
I’d rather a larger flimser house
Question about the windows when you say triple layered windows filled with argon gas for isolation it means what? Soundproof, protection from cold what exactly? Humor me plz Im confused!
@@pamelqtaylor8335 quick google for argon gas windows will give you a quick answer
@@pamelqtaylor8335 allows sunlight (infrared) heat in but protects heat from radiating out, also isolates better than airfilled windows
@@pamelqtaylor8335 There's three layers of glass and the space between is filled with argon gas to maximize insulation from cold and heat. (And it also works great for sound).
This makes a big difference when it comes to heating of the house!
Moving to Sweden early February from America with a Residence Permit. Your videos have been very helpful and enjoyable to watch. Thank you - tack!
I actually like that you didn’t have any background music in the video, it was very relaxing to watch 👌🏼
It would be fun to see the comparison between the cheapest county in Sweden (Lycksele) and the cheapest area in America :)
Luckily :D
How much is the cheapest? I know in Nevada I saw studios for $300 with free utilities.
@@sAMiAm1 do you mean to buy or rent? And honestly, I have no idea what the absolute cheapest is
In some places in America houses go for like €5000. Although in sweden, houses have to be built for the cold which means thick insulated walls and no wooden shacks.
But those houses have a neighbour 5 meters away.......that would bring down the price ALOT in Sweden. If U compair prices the yard/garden is super important for us Swedes. We dont wont to be TOO close to our nieghbours
För nära är 25 mil här jue
😆
Actually no body does no matter what nationality they’re lol
U might want to update since the market is so different a year later. I am comparing my $640,000 4 bedroom 1947 home with 5 acers to Homes in similar climate and style to Coos Bay Oregon (coastal woodland) In Sweden and I can buy something for around $200,000.
Really you have to compare wages, other living costs, take home pay etc
Sweden has an lower gdp per capita than the US. We also have a huge tax-load, ~ 60-65% eq-tax rate for the avarge swede.
No-go zones....
$100k salaries in Sweden is really something unheard of, taxes are skyhigh, most people live on $30k/year, so no, it’s not like Swedes earn way more than US folks. There are benefits as well, like healthcare system and daycare, but if you’re young and healthy you’re not gonna use them. And young people are the ones who are having a trouble to get into a real estate market.
I loved the video. Thanks! Prices sure have shot up over the last 15 years in Stockholm.
You should go and see the grand houses of Djursholm. All the wealthiest people live there
If ur going to compare something u gotta be fair😬 u can’t actually compare the capital city with a normal city. Do Newyork and Stockholm we can talk then
Washington is the capital :)
I am a stockholmer and I have seen the market flip out in 20 years.
Now compare LA and Stockholm :)
In Sweden you can get a very good big house for 13.000$ outside Stockholm. We are not talking about a a cabin or a less quality! In some parts of Norrtälje you can get an 4 rooms appartment of a 100 SQM for 170.000$. This is a part of the stockholm area. A house in Rimbo will cost 200.000-300.00$ depending of the size. Then we are still in the Stockholm region. Almost half the price of closer to stockholm prices.
In Sweden there seem to be a very big focus on putting everyone in Stockholm, Malmö, Göteborg or other bigger cities and it's working.. So far. But prices are very high and kids often have a hard time moving away from home even at about your age (when someone should have left home for quite a while ago). It won't work in the long run. My guess is that cities will become tighter but more and more will try to live in smaller cities or on the country side. Not everyone enjoy city life either mind you. Sweden is a big country so I hope more places will draw more people. Then the prices in Stockholm might drop a bit too. Paying like 2 million SEK for a small apartment in a half-decent suburb is insane to me when you can go to the country side and get a huge house for the same money...
Would be interested in the process of buying a house in Sweden-fees, taxes (on sale and yearly), other costs/etc.
Me too! I eventually plan on buying a rural house in a few years and would love to get all the information I can! ❤️
@@Ellary_Rosewood Yes, yes, yes! Same!!
Me too👍🏻
Well, most of those depend on which county you live in. Also, earlier we had a tax on wealth which we don't anymore so that isn't a factor. But living a house outside a city costs of living is generally around 3000-4500 USD per year depending on the size of the house, energy costs and so on. Most you pay in taxes for a house is about 900 dollars per year.
@@Dumlen Yeah not necessarily exact tax numbers. I guess more curious about closing costs/fees and process differences. (In US it’s things like surveying land, title insurance, loan origination and escrow fees, appraisal...ends up adding 2-5% to purchase price)
I hope you remember to look at the build quality before the prices. houses in America often have much different walls.
U should check houses further north in Sweden, there u will see a bigger disctintion on prices, for example a house worth 1 milj dollars in stockholm will cost u about maybe 100k dollars or less instead if the houses are the same size, so location location location
Do a video on buying a property in Sweden. An easy way to convert meters to feet, 1 square meter is about 10 square feet.
It is really different to buy property in Sweden. You go to the bank before finding a house and find out how much the bank will give you a loan for. Those "prices" on the Stockhom site are about 20-25% below what they will sell for, there is a bidding process, and you bid the amount you can. There are no appraisal required by the bank, nor title search, and no closing costs for the buyer. Properties will usually sell with in two weeks of being listed. Most of the viewings are for only 1 hour between 11:00 and 14:00 on Sunday and Monday between 18:00-19:00. One has to be really strategic about looking at properties. Just contracted a an apartment in Stockholm, 7 km south of central, it was a little below current market rates. Ninety-six square meters,~ 1,000 square feet, less than 20 years old, a little over $400,0000, great view of the subway. It took about three months to find a place that checked all the boxes for me and hubby.
FYI Täby is the second richest city (commune ) in Sweden.
I thought that Stefan had common sense, but it does not seem like it.
What I mean by this is that it is self-evident that it is more expensive to live in a neighborhood particularly in apartments in major cities like Fjollträsk (Stockholm) than to rent or own a house in the Norrland of Sweden.
The house at 7:47 would go for 1.5million where I live in Swe. Prices in and around the big cities are crazy.
Exakt det jag tänkte😅 sjuk prisskillnad bara för att vara runt Stockholm
I was looking at hemnet at a house think up north a bit, 430m2 with new roof and stuff, cost a few hundred k more than a 40m2 apartment on Södermalm, i would never spend that much just to live in the inner city of Stockholm. Rather get a nice house in some rural area of Sweden for far less with a lot more space, and nature close by.
I stockholm är det ända man får för det priset en 1:a som det knappt går röra sig i. inte undra på att dem flesta då bor hemma in i 30års åldern.
Just a little tip, if it is one swedish money, you say ”krona” and if is more than one you say ”kronor” :)
I’m from Lincoln, CA, a suburb of Sacramento in a Del Webb Senior Community. Housing prices are sky rocketing here right now. According to Zillow, my house increased in value by more than $17,000 last month. My next door neighbor sold her home for $130,000 over asking! But the new owners lived in San Francisco where house prices are astronomical. Enjoy your videos as I plan to visit family in Stockholm very soon…after the War.
I live in Sweden and the house I live in costs around $380 000 and it's like 5
rooms. So in Sweden it really depends on where you want to live. So do like the town I live in (Lidköping) to a town that's almost the same size in the US.
You’d have to compare the availability of public transit etc. Even in Täby you have good rail connections to central Stockholm.
You can get a massive house in a small Swedish town, but where the infrastructure of public transit is comparable to most sprawling American cities, especially in Texas. Since you have to factor in the price of car ownership and the relative distance to everything when you live in an urban sprawl area, prices tend to go down.
You also have to factor in that there is 0 estate tax in Sweden (Sweden is pretty unique in the world due to that), while in the USA it’s 18-40% for inheritance. Estate taxes tend to push down value, because people factor that in while purchasing.
What you don't get hardly anywhere in America though is the urban city design that Stockholm has. Things like mixed use commercial/residential, bike lane design, more pedestrian friendly walkable spaces. It's almost impossible to get that in most American cities. America is mostly designed for the car, not people. I would gladly trade all the space in my western US house for those things.
Yup, and public transportation is worth a LOT...
@@attesmatte ah yes, i hadn't even mentioned the public transportation. I'd trade the square footage of our American house for that alone.
@@gregorynuttall
It's not great in the rural areas here though. But hey, the houses in the rural areas are usually ridiculously cheap. 😜
Don't forget the effects that lower down payments (15%), a lack of property taxes and really low interest rates on mortages (~1,00%-1,50%) have in increasing demand. Couple that with a notorious supply shortage and prices are bound to rise. Ammorteringskravet maybe takes a chunk out of the demand but that doesn't make up for the fact that prices are a bit inelastic since people need roofs over their heads.
It's a worldwide problem for millenials to find homes these days. It's too expensive. My city keeps building homes but we can't afford them
Well I guess I'm not the only one struggling with these super high rents.... At least it keeps me motivated to grind with more RUclips videos ;)
This is very true! I've been looking for a year now and I keep hitting a roadblock trying to get into a place here in the states. Its really stressful when I'm on a time crunch to look. It shouldn't be like this working Full Time in an essential service job. 🙃
Apartments im my swedish village were super cheap when i moved from home. I bought my firs 3 room Apartment for $12000. Just needed $1000 up front. And have been fortunate to build up to a house with the earnings from when i sold .
I know this is super privileged, and i think its much worse today in my area for those who were born after me. (Im millennial)
I would love to see prices on the little red Swedish houses. Where is the best area to buy one?
Thank you
another interesting topic is home decor - when i was there a few years ago, i was surprised that there weren't that many upscale home furnishing stores...at least i didn't find them. it doesn't seem like a huge consumer market - not the way we make major purchases for home furnishings, upgrades in older homes, etc. would really like to see you cover that.
Durham, NC, USA - 4 bedrooms, 3.5 baths, all brick, high quality, on 10 wooded acres with swimming pool, hottub and walk in basement : $450,000
Real estate is a very good bussiness to start up that is if you really have the money to because it involves alot of money💰💰💰💰
The journey of a thousand miles starts with a step, yes it involves alot of money, all you have to do is save invest the little you have in investment that will earn you more money than little by little you will start up a real estate business.
@@leograyso171 Thanks for the advice am working and also saving but can't save much because I have things to do with money..
@@louiscaroline5582 don't spend it invest in ©️RYPTO〰️Currency most especially bitcoin. Now that the price is low🔸🔸🔸
@@leograyso171🤔🤔🤔🤔🤔🤔🤔🤔 that's a good idea I would have loved to invest but I don't understand the market.
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Do they have the monthly fee in the US apartments as well? Almost all (if not all?) apartments in Sweden are part of a "Bostadsrätt" so you have to pay the housing organisation (Bostadsrättsförening) a monthly fee to pay for maintenance of the general house. Such as plumbing between apartments, staircase and halls between apartments and so on.
I would love to see more dive in into Swedish medium-sized cities (~100k inhabitants), small cities (~20k inhabitants) and proper rural areas (
I live in Sweden in Osby and the Prices are mutch sheper here you shood look it upp🔥🔥
Please do a comparison of Goteborg. Seems like Goteborg is becoming a pretty hot, international city. Maybe not as exciting as Stockholm, but seriously worth considering for "Swedish Americans" considering a big move!!!
Would be interesting if you compare Gothenburg and Malmö the 2nd and 3rd biggest sixties in Sweden with American cities
Houses are not comparable really. Check the depreciation/longevity or ”livslängd” on swedish vs American houses. From what i can remember houses don’t ”last as long” in the US, and are constructed differently.
An old brickhouse in Vasastan is alot more durable than a wooden house.
You also have to account for the mortages within the coop you are buying in. If it’s mortage free, it’s less expensive as compared to equivalent apartment with coop that has mortages.
Because apartment in sweden you buy shares in the coop(”non profit”) company , and your square footage of the whole building determines your ”share” of the coop. (Your share also include the responsibility for your share of those mortages withing the coop.) As well as collective payment for maintenance, It’s ran like a c-corp with some special rules.
Did you take into account the cost of transportation, insurance, wages a s o?
The standards and building requirements (materials and such) is VERY different between US and Sweden
Generally Swedish houses are a lot smaller than in the US. I think there are many factors behind that:
- Swedes typically have a summer house which I don't think is as common in the US
- Heating - it costs more to heat a big house especially with cold winters (but in fairness cooling it in Texas is probably not cheap)
- Culture - the Swedish culture promotes modesty and having too lavish a home may be seen as bragging
- Environmental thinking - there is a cultural streak towards downsizing and generally trying to live in a way that is friendly to the environment and big houses do not square with that.
Hmmm, I recognize that Nespresso Machine. Hope you like it! / Mr. Nespresso man ;)
How is the market in the US?
In Sweden the prices is a starting price that almost always rise a lot with bidding. So our market is ment to raise with bidding.
But i know a lot of markets in other countries is kinda the opposite that the price is fixed and you should just accept it OR giving a lower bid. So the price shown is often a ”maximum” price instead while in sweden it can be seen as a ”minimum” price.
Makes a big difference in the end.
Also build quality etc... is very different between different countries. Swedish houses and flats are often high standard compared to many countries.
I have seen a lot of house buying tv-shows from for example england and denmark and i have always thought ”the hell, that’s an expensive pricetag for that house”... but that’s with a swedish way of looking at house prices... since i automaticly see it as a price that will rise but in the tv-shows they always bid lower than the price. So in the end it isn’t neceserly so expensive.
It isn’t rare to see prices more than double with bidding in Sweden
As you are aware, the city of Stockholm is build on a bunch of small islands, which makes the municipality basically a archipelago.
This makes every square inch very expensive, as there are no more places to build on.
There is actually an idea on the table, to move the financial and commercial capital of Sweden further inland (close to Örebro) and only let the governing bit stay in Stockholm (kind of how Washington DC is, to New York).
Not all politicians are really that keen on this idea. But to be fair, it probably needs to be done.
Second, the building codes for houses in Sweden are very strict. And for every two years they add more and more regulations on how to build houses etc. So that's one reason why even new, modular houses are that expensive.
The only real difference is the land value, that can differ A LOT between cities and regions (like in Norrland and Småland, you can get land really cheap, while closer to bigger, and "hip" cities it's quite expensive.
Stockholm and Göteborg is like and New York San Fransicso in price. And the further north and inland you get (not the coast via E4) its gets cheaper (excluding the ski resorts).
I live in the southern part of Sweden, It's called Österlen. We grow vine here. and when i bought this house i payed 870K
Portland city is half the size of Stockholm.......but with Metro area its pretty close. But as a city CITY.....not even close.
I think you should also mention the yearly property taxes for these places, as the total cost goes up in time more for higher tax rates. In US, there are areas with 2% tax rates, in Europe, there are countries with 0.5%.
I have seen the show Fixer Upper with Chip and Joanna Gaines many times and just love it I have also picked up the different prices around Waco and understund ofcourse that Stockholm is the capital city in Sweden , its cityprices ? Dont know If i can say it like that but for me its so crazy .You get so large houses and often a lot of land for half the money . Its difficult to compare Waco or another town in Texas to Stockholm cos its so different to each other I know that the prices in NY or LA is much higher but its interestning to see the differences. Its sad for many citizens that the prices are so high cos it narrow everebodys choiches down
There's a big difference in quality of the architecture and quality of materials as well. There's a reason houses and apartments in Sweden is more expensive compared to america.
@Riley Frost While that certainly is a factor, quality is a large oneone as well. Being able to withstand the climate, and meet stricter building regulations plays a huge part.
Interesting to compare.
I live near Vancouver, British Columbia in Canada. It's not too far from Portland. Check out the cost of the same housing here...
quality makes a big diffrence but also where you live in sweden i come from a small village a mansion there might cost the same as one room apartment in stockholm so it all depends on where you live
I would love to see the comparison between Stockholm and New York.....
In Stockholm, be aware this is the asking price BEFORE the open bidding. Total sum is way higher, especially in the central parts :/
Så sant
You do not usually own your apartment in Sweden even if you have bought it. You own a certain share in a Housing cooperative. Can be good to know when comparing.
Look at northern sweden, like, jämtland and above. For a million usd you'll get a city or two.
Very interesting!
You should check out other parts of region Stockholm too.
I wonder about the standard of building houses in the US. Because of the climate in Sweden the houses need a powerful heatingsystem and good isolation to be comfortable at the same time as relative economical. How much difference is there and how does it make for the building costs and prices?
Well it really depends on where in the U.S. Wood frame homes are the most common type home because they are fast and cheap to build and easy to customize. They do age fast however especially in humid/rainy locales.
I live in California and here the building codes and materials are very regulated due to earthquake codes so you cannot build a new building using brick for example. Older brick buildings have to be reinforced. Bigger buildings do use steel and concrete and more durable materials, but average 2 story/floor homes still use wood framing along with earthquake zoning code adjustments.
In terms of heating/cooling--generally all homes are built with added insulation. Its not usually a big issue where I live because the weather/cilmate is very moderate--not too hot or cold. Some people don't even have heating or air conditioning because they don't need it. However the farther inland you go the more you need both in the summer (air conditioning) and winter (central heating or fireplaces)--it does snow in the mountains of southern California.
In other areas of the country wood frame homes have simply become the fastest cheapest way to build and sell massive tract home developments. Developers buy the cheapest land outside big cities and build brand new--inexpensive to build--wood frame homes (although some thought does go into modern design and amenities--you can customize in many cases). Its all about corporate profit in the U.S. of A. 😕
They are inexpensive to build however developers will sell their finished product at market rates which means building costs are not tied to selling costs. They only or mostly build in large expensive markets to make profit--markets like California where real estate is generally expensive. The median home price in Los Angeles County is now USD$700,000 which is about 5.8 million SEK.
Stockholm is pretty much known for the high prices but is you take a small town, the highest price on a house is like 3-4 000 000kr (this is just my experience)
There is an apartment, 5 rooms and a kitchen up for sale in Dalarna for 120000, about 12000$.. It's a very nice looking apartment, but it's too far from my job..
Buying a place in Stockholm is like buying a house in Los Angeles
Wow rlly 💔
No.
@@SillanJunior yeah its expensive and overpriced af in both places
Thanks ima go living in L.A now
Fun fact: The person who said the houses costed both a lot probably haven’t even bought a house
That's a really unfair comparison. Try maybe NY vs Stockholm.
You can get a lot (I mean a lot) of house space for 300,000 USD in central and north Sweden.
Thanks, Steffi, absolut intressant! Standard vs pris. Komfort vs stil. Metro vs buss. Status vs finanser. Etc. & location, location, location, naturligtvis.
Tummen upp, så klart!
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please make more of this!!! I'll like to see Göteborg
You should consider that when you buy a "bostadsrätt" in Sweden you don't actually own the apartment you own a share of the "bostadsrätt" and therby the right to live in the apartment. You are paying a monthly fee also. Sweden is one of the few countries has this setup. Not sure if that is the same in USA but I doubt it. So to compare the price in sweden for apartments the price is actually higher. Most people in sweden dose not understand this because they are not aware of the alternativ. To compare prices with other countries you should try and find "ägarlägenhet" sv.wikipedia.org/wiki/%C3%84garl%C3%A4genhet. There are not that many in sweden because most people don't understand why they should pay more for these apartments.
Availability and demand - that is what sets the price levels and it is mainly concentrated to the bigger cities like Stockholm, Gothenburg and Malmö and a few others. They attract many because of job opportunities etc and people move in faster than they can build. It's another story in places people move from. The prices are much lower and you get more for your money, but what's owning a great house if you can't get a job where you live?
If you consider buying property, I strongly recommend that you see it in reality before you decide to buy (or not). The photos in the Estate Agents' ads on the Internet get all shadows removed in post processing so everything looks much brighter than it is in reality.
How about comparing smaller cities in Sweden and the US. Try Borås in Sweden, home to my cousins, to South Bend in Indiana, home to Notre Dame. They both have populations of about 100,000
In my home village house prices ranges from 12000 dollars to 48000 dollars för around 1800 square feet sometimes more as location is key. You could literally buy a whole street for the price one apartment in Stockholm
Stockholm is one of the most exspensive place to live at in sweden tho lol.
Stockholm is less expensive or close to comps in San Francisco. May be better to compare comparable metros? IE, not Dallas or Waco.
In rural Sweden, like Dalsland and Värmland and even further north, the houses cost about the same in SEK as your houses in USD. For 1000000 SEK you can buy a whole farm :)
Stefan: What's up everybody it's STFN here!
Me: What's up Steeeefan!
Sometimes just a few hundred yards make a difference. I live in a small village in southern Sweden, about 800 people, by a lake. It's a very nice lake, lots of small islands where you can go ashore and go for a swim, or camp overnight. The houses that are on plots that are on the shore, with private beaches, and jetties for boats, cost waaay more than the houses that don't. Like ten times more. Okay, those houses also tend to be bigger and fancier. So it is a bit like rich people can consider living here if they get a private beach, otherwise not.
Comparing housing prices from Stockholm to a Dallas suburb like Garland is like comparing the prices of living in Manhattan to living in Småland. It's incomparable. You're using two locations that are completely irrelevant to each other, my man. The same 4 bedroom house that goes for a cool million in a more sought-after Houston neighborhood would only be $250,000 in Växjö. I think you may be misunderstanding a key concept about real estate, homie. It's all about your location relative to where the action is.
The Dallas Metro area is over 7 million people, almost 3 times the size as Stockholm. In Dallas there's also a ton of economic opportunities, better weather, and low taxes. I think Dallas suburbs to Stockholm suburbs is a far better comparison than Dallas to Småland or Stockholm to New York. New York real estate would blow Stockholm out of the water and is hardly a fair comparison either. There's always going to be differences but I think it's still interesting!
I live further up north in Sweden and i can't understand how insane the prices are in Stockholm. How can anyone afford that?
My first appartment that i bought i paid 70 000 kronor for. It was 64 square meters, nice big kitchen and separete bedroom. Really nice size.
My house that i now live in i bought for 350 000 kronor. And that includes the house, a barn, a woodshed, 2 garages, 3 hectare land, a forest etc.
I'm just saying there are cheap houses/apartments in Sweden you just have to look abit further away from major cities. :)
To be fair you can’t compare the price of a home in the outskirts of semi rural Waco Texas to homes on some of the most exclusive streets in Stockholm. It’s just a false equivalence, you can easily get a good home for $100K - $150K in equivalent parts of Sweden, if not less.
Imagine if you compared Manhattan to Stockholm, $500K will get you a closet in Manhattan.
The vast majority of houses in Sweden, Stockholm included are identical, and by this I mean they all have an inner cheap but functional & efficient structure but then the exterior is wooden or fibre glass sidding, either yellow, white or red. Go ahead and walk around and check. Yes, the older ones built in the 30's etc are solid stone as found in the prestigious central Stockholm areas for example, but go ahead and drive through all the other areas and suburbs and it will dawn on you how correct I am. They're all pretty much the same. Cheap siding staple gunned & glued on.....red, yellow or white. Then drive through a neighbourhood in Tampa Florida, or Dallas Texas or Las Vegas and see the diversity in home models and how exciting the neighbourhoods look, and far far better quality....contrary to many of the comments posted here thus far. And yes, I'm Swedish....living in the US now.
Can you look at some of the most expensive houses in Sweden?
This is so interesting, I am a Swede living in the us. We’re currently looking for houses here, some other differences is that the house taxes are pretty high, a house for 500000 you can easily pay 1000 dollars per month, the interest are pretty high compared to Sweden aswell. Also when you buy a house in Sweden the asked price will go up and everyone knows about the bids. Here in us no one knows what the other person is bidding, and when you buy a house you will have to get a person that does an evaluation of the estate and the bank does not budge from that, which means that the price can go down even further.
Aaaand in us you normally have a realtor both as a buyer and a seller. They each usually take 3% each which the seller will provide for both of the realtors
I'm in Toronto. I live in a 2 bedroom, 2 bath house. My house goes for 750k 😬
Sugar mom?
@@charlieroberts672 what? No haha 600k-900k is the price of the average middle class family home here. It's ridiculous. I wish I could afford to be a sugar mom 😂😂
@@ahbeetay thats crazy
Toronto real estate is super inflated. Another difference is a lot of Americans strive to pay their mortgages off - the debt free thing. I don't think that's a "thing"in Canada, which may be a contributing factor to the super high home prices there.
@@ahbeetay maybe even a little higher than that.
One thing to take into account is that a normal mortage rate in sweden is abount 1-1,5%
From ehat i've heard, a normal mortgage rate in the US is somewhere around 4%.
Do more of these. Try comparing to Norway as well please
Som musikartist så flyttar jag hellre till nå billigare i usa än en liten lägenheten för 18 mille i Stockholm! Fyfan vad priserna är sjuuuka
bara för att du är en artist?
New apartments are getting way to pricey in Stockholm now
Prices are around the same here in Helsinki as in Stockholm.
As a resident of Texas im looking at these houses in Dallas like no i dont think so and those are prices that californians and people from other states look at like wow thats cheap but these are inflated prices
We brought a 4 bed house with ¾ acres of land for 120,000kr which is 10,000 GBP in England. Your lucky if you could buy a single garage for 10,000 GBP in England. The average price for a house in England like we have in Sweden is 400,000-600,000 GBP
Your need to compare with NYC and long Island houses with Stockholm
It would be interesting to price homes in Malmo and Gothenborg.
@North America No, but my son and his family live in Malmo. His wife is Swedish.