Advice on buying Sweden Property / Real Estate

You have found a property you wish to purchase in Sweden what next?

Buying Property in Sweden - Costs of Purchasing Real Estate

Swedish Buyer's Guide explains the legal fees, legal procedures, purchase taxes and mortgage procedure.

Below are some brief points in purchasing property in Sweden.

Sweden, a member of the European Union, is the largest country in Scandinavia with Stockholm and its fourteen islands being the Capital city.
Bordered by Norway and Finland, Sweden has had a real estate construction boom, with over 50% of apartment properties being built in the last 47 years.
Property purchase
There are no restrictions on foreign nationals purchasing properties.
It is usual for an Swedish Estate Agent to be consulted when purchasing property in Sweden.
They will handle all the necessary paperwork and will keep both parties informed of how the transaction is progressing.
When you have found your ideal real estate your estate agent will prepare the "contract of sale" and both parties will confirm to this by adding their signatures.
It is common practice in to have the property in question valued by an independent surveyor.
It is the purchaser's obligation to apply for the new title deeds within 3 months of the sale transfer and submit them for registration Your Estate Agent will arrange this for you.
Costs
Stamp Duty around 1% of the purchase is charged on the registration of the property.
The Estate Agents fees are normally paid by the seller.
Property tax is charged at 1.5% of the properties regularly assessed value.
For newly built property or reformed property there is no property tax for the first five years, with the next five years getting a reduction of 50%.
The expenses incurred when reforming a property carry a VAT of 25%
Mortgages
Swedish banks tend to offer mortgages of 75% of the properties value, usually with fixed rate option periods.
Repayment periods are also flexible the average period being 20 years.
There is a 2% tax payable on the mortgage deeds for Swedish based mortgages.

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These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.

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