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Construction: Prices for newly produced dwellings 2022

Prices of newly built multi-dwellings decreased in 2022 and increased for collectively built one- or two-dwelling buildings

Statistical news from Statistics Sweden 2023-12-15 8.00

According to the Building Price Index (BPI), building prices decreased by about 4 percent for multi-dwelling buildings and increased by about 4 percent for collectively built one- or two-dwelling buildings. Last year, building prices decreased by about 4 percent for multi-dwelling buildings and by 1 percent for collectively built one- or two-dwelling buildings. The Building Price Index is quality-adjusted.

The total average production price for multi-dwelling buildings in Sweden was SEK 43 425 per square metre of useful floor space in 2022. The average production price for collectively built one- or two-dwelling buildings was SEK 36 909 in 2022.

Definitions and explanations

Production price refers to the total price of a dwelling project, that is, the sum of building costs, land costs, VAT, and any profit or loss of the building project. The production price refers to the selling price and corresponds to the previous term ‘production cost of the project’. Deductions for any subsidies have not been made.

Collectively built one- or two-dwelling buildings refers to buildings intended for sale or rental as rental or tenant-owned dwellings.

Useful floor space in dwellings (with certain limitations) refers to space above ground in a dwelling. Useful floor space is limited by the finished inside walls that enclose each dwelling, and includes kitchen cupboards, wardrobes and similar.

Non-residential floor space in dwellings refers to leasable spaces for offices, shops and similar.

Useful floor space refers to the sum of useful floor space in dwellings and non-residential floor space.

The Building Price Index (BPI) is a suitable tool for measuring price development that eliminates differences in quality, design and location as far as possible.

Statistical Database

More information is available in the Statistical Database

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

Statistical agency

Statistics Sweden

Enquiries

Tommy Lindkvist

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+46 10 479 47 26
E-mail
tommy.lindkvist@scb.se

Malin Sundberg

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+46 10 479 41 62
E-mail
byggande.bebyggelse@scb.se