Construction: Prices for newly produced dwellings 2023
Prices of newly built multi-dwellings increased in 2023 and decreased for collectively built one- or two-dwelling buildings
Statistical news from Statistics Sweden 2024-12-06 8.00
According to the Building Price Index (BPI), building prices increase by almost 8 percent for multi-dwelling buildings and decreased by 2 percent for collectively built one- or two-dwelling buildings. The Building Price Index is quality-adjusted.
It is evident that the number of new construction projects in the data that the statistics is based on has decreased. For the year 2022, 345 multi-dwellings projects and 429 projects with collectively built one- or two-dwelling buildings were included, for 2023 121 multi-dwellings projects and 188 projects with collectively built one- or two-dwelling buildings are included.
In 2023, the total average production price for multi-dwelling buildings in Sweden was SEK 42 818 per square metre of useful floor space. The corresponding average production price for collectively built one- or two-dwelling buildings was SEK 37 209 in 2023.
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.