New bathroom beats new kitchen. In third place comes a new thank you.
The Swedish Real Estate Society has recently conducted a survey among its brokers.
In the survey, 2093 brokers from all over Sweden have answered questions about what factors create demand and govern today’s housing acquisitions.
And there’s a new bathroom on top, right in front of a new kitchen.
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But why is the bathroom most decisive?
– It’s about convenience. Renovating bathrooms and kitchens disturb everyday life for a family to varying degrees, and renovating the bathroom is probably the most disturbing factor, says analyst Claudia Wörmann in the Realm Society for Click.com.
– The kitchen can handle you without a few weeks, but it requires a little more planning when a family is going to fix the bathroom, she adds.
Same in Norway
The brokerage society is the Swedish sister organization of Norway’s Real Estate Brokerage Association (NEF).
– This is probably the case here too, says Director Finn Tveter in Norway’s Real Estate Brokerage Association (NEF)
But Tveter points out that brokers in Norway rarely recommend people to mess up before a sale.
– It will not necessarily pay off. Moreover, many will have their own style.
But if you have a certain amount of money and you’ve decided to mess up, then you’re pulling a new bathroom for most buyers, he admits.
Preferred new building
The brokers in Sweden also find that demand is greatest for a newly built house. Second place comes the wooden house followed by the brick house. At the bottom comes the terrace house.
Swedish buyers also demand a garage to a much greater extent than the basement.
– Our climate makes the garage rank very high. It can be used as an extra room as well, “says Wörmann.
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The house prices in Sweden fell by 1 per cent over the last three months, while apartment prices increased by 2 per cent. In Norway, house prices fell on average by 0.5 per cent from the 2nd to 3rd quarter of this year, but are still 6.7 per cent higher than one year ago. It shows the latest figures from Statistics Norway (SSB)
The statistics also state that single-family homes became 1.7 per cent cheaper from Q2 to Q3 2010 in Norway, while houses and flats were 0.8 and 1.4 per cent more expensive.
In addition, a majority of brokers in Sweden assess house prices to stand still during September through November.
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