According to the Building Price Index (BPI), the building cost for multi-dwelling buildings increased by 5 percent while building costs for collectively built one- or two- dwelling buildings increased by 8 percent.

Costs were highest in Greater Stockholm

Production costs for multi-dwelling buildings were SEK 37 808 per square metre of useful floor space in 2014. Costs were lowest in southern Sweden where production costs amounted to SEK 26 895 and highest in Greater Stockholm where costs were SEK 43 793.

Production costs for collectively built one- or two- dwelling buildings were SEK 31 064 in 2014. Costs were lowest in northern Sweden where production costs were SEK 24 080 and highest in Greater Stockholm where costs were SEK 36 325.

High costs for tenant-owned dwellings

Production costs for multi-dwelling buildings that are intended to be tenant-owned dwellings are considerably higher, about 48 percent, compared to buildings intended to be rental dwellings (SEK 42 695 and SEK 28 827 respectively). The higher cost of land for tenant-owned dwellings explains part of the difference. The cost of land per square metre of useful floor space as an average for multi-dwelling buildings was SEK 7 582 in 2014. In 2014, the cost of land for tenant-owned dwellings was SEK 9 894, while the corresponding cost for rental dwellings was SEK 3 334.

Because the newly constructed dwellings that form the basis of production costs vary in number and design from year to year, it may be difficult to make comparisons over time. However, this year's results are similar to previous years in terms of differences between tenant-owned dwellings and rental dwellings.