If you want to buy a luxury property in Stockholm, or any other part of Sweden, there are a few things that you need to know first. The good news is that if you are not a Swedish national, there are no restrictions on you purchasing a property here.
When you are buying a property in Sweden, you will be surprised to find out just how easy the process is. The first stage involves negotiating a purchase agreement. While this is happening, there is a survey on the property, and the deeds are verified. The next stage is the signing of the purchase agreement or contract. This is done by both the buyer and the seller. The deposit is then paid on the property. This can be anything between 2% and 10% of the purchase price.
When the property is transferred, the two parties will meet and work out issues such as service charges, interest, insurance and rents. This part of the process will also formalize any loan that is being taken out on the property, and then the purchase price is paid for the property. A bill of sale will be issued and this will show that the purchase has been made and that the title is being transferred to the buyer. The buyer will send the bill of sale to the Swedish Land Registration Authority. Details of the transaction are made public and the transfer is recognised by the state.
You do not have to use the services of a lawyer when you are buying in Stockholm – it can all be completed with the help of an agent or broker. And it may sound like this process is quite complex, but it can usually be completed in around 14 days.
Just remember that the luxury property market in Stockholm is very competitive and you will need to move quickly if you find a property that you like.