A real estate price index for Stockholm, Sweden 1818–2018: putting the last decades housing price boom in a historical perspective

Figures & data

Figure 1. The nominal Housing Price Index 1818–1875 according to the WRS and SPAR methods, 1818 = 100.

Figure 2. The nominal Housing Price Index 1818–1875 according to the SPAR method using two different taxation assessments, 1818 = 100.

Figure 3. The estimated nominal Housing Price Index of Stockholm 1818–1875 (1818 = 100), geometric 3-year moving average, in different geographical areas in Stockholm, using SPAR and the taxation values of 1874.

Figure 4. The nominal Housing Price Index 1818–2018, 1818 = 100.

Figure 5. Stockholm Housing prices, deflated by the CPI and the GDP per capita, 1818–2018, 1818 = 100. Source: Our data and Söderberg et al. (2014).

Figure 6. Population of Stockholm municipality and inner city 1800–2017. Source: Ström (2005) and www.scb.se

Figure 7. The ten sharpest falls in nominal housing prices in Stockholm 1818–2018 during a period of maximum 15 years that do not overlap.

Figure 8. The ten sharpest falls in real housing prices in Stockholm 1818–2018 during a period of maximum 15 years that do not overlap.

Figure 9. Real Housing prices 1818–2017; Stockholm, Norway, Paris, and Herengracht. Indices in natural logarithms.

Table 1. Mean percentage real housing price growth 1818–2017.

	Stockholm	Paris	Herengracht	Norway
1818–1839	6.1	23.8	6.5	10.0^a
1840–1859	8.5	15.1	−1.8	24.9
1860–1879	17.7	3.6	16.1	14.5
1880–1900	5.3	5.4	0.9	8.8
1900–1913	2.0	0.5	−3.6	−1.2
1914–1918	−15.3	−12.4	−2.1	−9.7
1919–1938	14.3	−3.0	−5.8	8.2
1939–1945	−5.0	−15.8	7.2	−6.6
1946–1959	−8.8	34.2	3.0	−2.2
1960–1979	10.3	24.2	12.9	5.8
1980–1999	3.1	3.4	8.1	11.3
2000–2017	17.2	13.6^b	0.0^c	13.6

^aThe index start 1819.

^bThe index end 2015.

^cThe index end 2012.

Söderberg, J., Blöndal, S., & Edvinsson, R. (2014). A price index for residential property in Stockholm, 1875–2011. In R. Edvinsson, T. Jacobson, & D. Waldenström (Eds.), Historical monetary and financial statistics for Sweden, vol. 2: House prices, stock returns, national accounts and the Riksbank balance sheet 1620–2012 (pp. 63–100). Stockholm: Sveriges Riksbank and Ekerlids.

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Ström, S. (2005). “Befolkningen i Stockholm 1252–2005: Från 1721 Enligt Stadens Statistiska Årsböcker.” Stockholms stad, Utrednings- och statistikkontoret. Stockholm.

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