Sweden Real Estate Uncovered By Taylor White
Sweden is one of the major countries of the European Union and was also badly hurt by the economic recession that happened. Sweden is an extremely prosperous country. This is a beautiful country which was earlier the proud heartland of the Vikings and is now one of the most peace loving countries in the world. It has some of the most beautiful archipelagos, forests, glaciers, lakes and vast countryside lands that can be explored by the tourists. The economy is extremely stable and strong and this has also reflected in the Sweden real estate.
The Sweden real estate is on the upswing and boats of the best standards of living as compared with other countries even within the European Union. Stockholm is a cultural hotspot and is known for its arts, culture, and music, economic and political influence. The real estate in Sweden has seen the prices of new and old dwellings of all types surge by nearly 11%. The Sweden real estate listings have now been buzzing all across and Swedish rentals are all rising slowly and steadily. This is the time to buy the Swedish real estate for sale. The international real estate market is slowly warming up as the world recession is coming to an end.
The Swedish rentals for smaller apartments that measure 80 – 120 square meter are yielding 6 – 7 %, while others are yielding between 3% to 4%. The Swedish rentals in the city of Goterborg, which is the second largest city after Stockholm has a yield of 5 – 7%. While suburban Stockholm has lower Swedish rental yields at 3 – 5%. The rental incomes are dependent on the age of the Swedish real estate dwellings. If the property is quite old, the rental income would be lower as compared to the newer properties of the Swedish real estate.
Even though the rental incomes from the Swedish real estate dwellings are moderate, the income tax on the rental incomes is quite high and this is one of the great disadvantages. Swedish real estate for sale properties should be considered from the point of view of investment, since the transaction costs are extremely low. But the capital gains tax is 30% for the Swedish real estate for sale properties. The costs that were paid for securing the property are deductible and this makes the threshold of the tax lower in that aspect.
There was also a shortage of dwelling properties that led to an increase in the prices of the Swedish real estate market. The prices also increased significantly when the Central bank of Sweden cut the interest rates, which now stands at 0.25%. This is the lowest in the whole of Europe.
Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Sweden real estate and Sweden real estate listings. Sweden real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video, and it will be activated as a basic listing for 6 months, free.
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