Average mortgage interest rate in Sweden 2016-2023, per quarter

The mortgage interest rate in Sweden rose dramatically in 2022, following a long period of mortgages maintaining rates below two percent. In the second quarter of 2023, the average weighted interest rate stood at 4.21 percent, nearly three percentage points above the rate in the fourth quarter of 2021. In Europe, Sweden ranked alongside Spain, Hungary, and Poland.

 Homeownership in Sweden 

 The homeownership rate in Sweden did not vary significantly over the period from 2008 to 2019. It peaked in 2010 and slightly fluctuated the following years. The rate was lowest in 2019, amounting to roughly 63.6 percent.

Profile of the European homeowner 

Swedes, Germans, Austrians, Turks, and Danes are the European citizens for who homeownership was the least common. Romania was the country with the highest homeownership rate among selected European countries in 2021, followed by Slovakia. Both countries had a rate higher than 92 percent. In general, it seemed to be more common to own a home in Eastern European countries than in the Western part of the continent.