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24 July 2007

Sweden becoming more attractive to Britons

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by Kay Mitchell

Sweden becoming more attractive to Britons

An increasing number of Britons are buying summer houses in Sweden, with its 24,000 islands, the Stockholm archipelago is appealing to overseas investors.

According to the estate agency Per Nystrom, prices in Sweden are rising steadily and the agency claims prices have leapt 20% in the last 12 months due to interest rates of between 4% & 5% and growing interest in property investment.

Skargards-stugor, a lettings agency based in Sweden, commented that prices vary significantly but you can double your money with a sea view.

Many think of Sweden as a cold place with very little light in winter but there is a lot more to the country, its 24,000 islands attract many visitors each year and the attraction for overseas investors is that there are no restrictions on foreign ownership and the banks will lend to Britons – usually up to 75% of the value of the property.

There are daily flights from the UK to Stockholm’s Arlanda airport, and Ryanair flies to Skavsta, 60 miles south, and Vasteras, 60 miles west.

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