- Foreign buyers are snapping up holiday homes in Sweden, taking advantage of the country’s low prices and beautiful scenery.
- Property prices in Sweden are significantly lower than in many other European countries, making it an attractive option for foreign buyers.
- The country also uniquely appeals to foreign buyers, with its beautiful coastline and its many islands, forests, lakes and mountains.
Sweden’s holiday homes have become increasingly popular among foreign buyers as the country’s property market has become more affordable for overseas investors.
The best deals are to be found in Kronoberg county, in the Småland region of southern Sweden. This is where estate agent Christer Stjernfeldt is active, who claims that prices have fallen by up to 30% in the past year.
Foreign buyers, in particular from Germany and the Netherlands, are now taking advantage of the bargain prices.
The influx of foreign buyers could affect safe money transfer methods used to purchase Swedish holiday homes, especially as foreign buyers may be more likely to use different money transfer methods than Swedish buyers.
There will also be an increase of international money transfer options; with more people buying property in Sweden, there will be a higher demand for efficient and cost-effective ways to transfer money from one country to another.
According to a report by Svensk Fastighetsförmedling, a Swedish real estate agency, the number of foreign buyers of holiday homes in Sweden has increased by 12% since 2015.
The report found that most foreign buyers come from Finland, the UK, Norway and Germany and that the most popular areas for holiday homes are located in the country’s south.
The report also revealed that the average price of a holiday home in Sweden is 28 % lower than in other countries, making it an attractive option for foreign buyers.
In addition, the report noted that the average length of stay for foreign buyers is longer than for Swedish buyers.
Overall, the report concluded that foreign buyers are increasingly looking to Sweden as a viable option for purchasing holiday homes, with the combination of affordability and attractive locations proving appealing.
The growing trend of foreign buyers snapping up Swedish holiday homes is likely to continue, with more and more people looking to take advantage of the country’s attractive property market.
The Swedish government has encouraged foreign investment in it the country’s holiday homes, introducing tax breaks and other incentives. They have also introduced a law that permitted non-residents to buy holiday homes in Sweden without undergoing a complicated purchasing process.
For those looking to move, now could be the perfect time to move to Sweden and take advantage of the great market prices.
Are you planning on purchasing a holiday home in Sweden? If so, check out our money transfer comparison tool to help you save money when making international money transfers.
