Market Size of Sweden Luxury Residential Real Estate Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sweden Luxury Residential Real Estate Market Analysis
Sweden Luxury Residential Real Estate Market is expected to register a CAGR of more than 4% during the forecast period (2022-2027).
The COVID-19 pandemic severely affected the luxury homes market, as the market experienced decline in sales transactions. Due to the pandemic restrictions and lockdown measures which affected sales in the country. Furthermore, construction of new housing units was also affected during the crisis. Now the sector is in recovery phase.
Moreover, in the housing sector multi dwelling buildings were dominating one-or-two dwelling units. In 2021 more than 8,476 authorized building permits were given, up by 46.9% compared to 2020 (with 5767 building permits). In addition, production price was increased in 2020 in both multi dwelling and one-or-two dwelling buildings. Meanwhile, production prices were lowest in region 2 (located in the middle of Sweden), where the production price was SEK 31,165, and highest in Greater Stockholm, where the production price was SEK 45,281.
Furthermore, the demand for luxury homes is driven by people's growing preference towards luxury amenities, and wealthy buyers who are looking for reliable places for real estate investments. Also, millionaires and ultra-high net worth individuals (UHNWI) driving the demand for luxury homes market in the country. Also, in 2020, more than 590,000 millionaires and 5,243 UHNWI were present in the country.
Sweden Luxury Residential Real Estate Industry Segmentation
Luxury Residential real estate refers to properties that are exclusively designed for human occupation, which provides charmed and resort life with high end amenities. Sweden Luxury Residential Real Estate Market is segmented by Type (Apartments and Condominiums, Villas and Landed Houses), and by Key Cities (Stockholm, Malmo and Other Cities). The report offers market size and forecasts for the Sweden Luxury Residential Real Estate Market in value (USD Billion) for all above segments.
| By Type | |
| Apartments and Condominiums | |
| Landed Houses and Villas |
| By Key Cities | |
| Stockholm | |
| Malmo | |
| Other Cities |
Sweden Luxury Residential Real Estate Market Size Summary
The Sweden luxury residential real estate market is experiencing a recovery phase following the setbacks caused by the COVID-19 pandemic, which had led to a decline in sales transactions and construction activities. The market is now witnessing a resurgence, driven by the increasing demand for luxury homes among millionaires and ultra-high net worth individuals. These affluent buyers are seeking properties with luxury amenities and reliable investment opportunities, contributing to the market's growth. The construction sector is also seeing a rise in new housing units, particularly in metropolitan areas, with multi-dwelling buildings dominating the market. The demand for luxury housing has led to a rise in real estate prices, especially for one-or-two dwelling buildings and holiday homes, with significant price increases observed in 2021.
The market is characterized by a fragmented landscape with both local and global players actively participating. Key players such as Sotheby's International Realty Affiliates LLC, JamesEdition B.V., MANSION GLOBAL, Christie's International Real Estate, and Daniel Feau are leveraging strategic partnerships, acquisitions, and mergers to expand their market share. Notable developments include Skanska AB's investment in a new residential project in Stockholm, emphasizing water views and greenery, and Scandinavian Hospitality's launch of the Vyn - Penthouse Suite, offering a luxury rental experience in Stockholm. These initiatives reflect the ongoing growth and evolution of the luxury residential real estate market in Sweden.
Sweden Luxury Residential Real Estate Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Residential Real Estate Buying Trends - Socioeconomic and Demographic Insights
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1.3 Government Initiatives, Regulatory Aspects for the Luxury Residential Real Estate Sector
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1.4 Supply Chain/Value Chain Analysis
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1.5 Market Dynamics
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1.5.1 Market Drivers
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1.5.2 Market Restraints
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1.5.3 Market Opportunities
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1.6 Porter's Five Forces Analysis
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION (Market Size By Value)
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2.1 By Type
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2.1.1 Apartments and Condominiums
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2.1.2 Landed Houses and Villas
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2.2 By Key Cities
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2.2.1 Stockholm
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2.2.2 Malmo
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2.2.3 Other Cities
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Sweden Luxury Residential Real Estate Market Size FAQs
What is the current Sweden Luxury Residential Real Estate Market size?
The Sweden Luxury Residential Real Estate Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Sweden Luxury Residential Real Estate Market?
Sotheby's International Realty Affiliates LLC, JamesEdition B.V., MANSION GLOBAL, Christie’s International Real Estate and Daniel Feau are the major companies operating in the Sweden Luxury Residential Real Estate Market.
