Housing prices rose by just over three percent in the last quarter. One segment is accounting for an increasingly large share of the market: homes selling for more than 10 million kronor.
BusinessThe process for buying and selling homes can differ significantly between different countries. There are many pitfalls as a new home buyer. In this article we explain how to buy a home in Sweden. From selection and mortgage pre-approval to viewing, bidding, signing a contract, and finally moving in. Buying a home is often one of life's largest investments, so read up on it thoroughly before getting started.
Living in SwedenHemnet CEO Jonas Gustafsson is leaving today. His replacement will take over immediately.
BusinessHemnet's operating profit plunged 26 percent to SEK 144.1 million in the third quarter, according to the housing site's interim report. Net sales fell 18 percent during the quarter to SEK 301.5 million.
BusinessThe housing site Hemnet is being forced into a major cost-cutting package, in which almost 40 percent of its employees will have to leave. In addition, the company is launching entirely new advertising solutions for its customers. "It is a sacred cow that is really being slaughtered," says Erik Wikander, former CEO of Svensk Fastighetsförmedling, among others.
BusinessOil prices are falling slightly, giving the Stockholm Stock Exchange a small boost on Tuesday. The broad OMXS index rose 0.1 percent.
BusinessThe number of published housing ads in August fell 15.2 percent compared with August last year, while the number of paid ads plunged 33.6 percent, housing site Hemnet writes in a report.
BusinessHomes sold below the asking price are becoming rarer. In August, this was the case for 35 percent of all properties on Hemnet's site - the lowest figure in more than four years.
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