A house in Sweden for 35,000 euros: the numbers behind the bargain
In rural Sweden, a detached house in a town centre with a garden and several bedrooms is selling for 350,000 Swedish kronor, around 31,783 euros at current exchange rates. The listing, posted on the property portal Hemnet, has reignited the debate over the price gap between the Scandinavian and Spanish markets.
The hidden costs of the Swedish house
Far from being a gift, the house goes to auction with a minimum deposit of 35,000 kronor (3,178 euros) and legal fees of 6,075 kronor. Monthly running costs come to 3,535 kronor (around 321 euros). While the initial outlay may seem ridiculously low compared with Spain, the recurring costs eat away part of the savings. Anyone unfamiliar with the Swedish market may be in for a surprise.
The comparison with Spain: atrophy or reality?
Seeing what a decent house costs in northern Europe sends shivers down the spine of anyone used to Spanish prices. While a similar property in a village in emptied rural Spain can barely be found for under 50,000 or 60,000 euros, bargains appear in Sweden. Some analyses call it "collective brain atrophy" not to look abroad. But there's a catch: the Swedish winter, with endless nights and sub-zero temperatures, is the counterweight to all those low prices.
El Kid Campeador already warns that nothing comes for free, and that the price reflects auction risk or the poor condition of the property. Others point to rural depopulation, which also affects Sweden. The truth is that, for 35,000 euros, in Spain you can barely find a parking space on the outskirts. The final decision depends on how much you value a cheap roof over a relentless climate.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (15 replies).
A 22-year-old bricklayer bought a house in rural Spain for 54,000 euros. The renovation, jobs and services reveal the flip side of the affordable dream.
Julia Janeiro defends her 635,000-euro penthouse purchase, saying "buying is the smart thing to do". We look at the controversy and the reality of housing access for…
Accumin reports that buying a typical home in San Sebastián requires over €5,000 net monthly income. Madrid and Barcelona exceed €4,500, pricing out the middle class.