Property Management in Sweden
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Property Management in Sweden

Owning a second home in Sweden makes a great retreat from the rat race. But you need someone to keep an eye on the place when you are not there. It may be on the edge of a forest in an isolated area with no neighbours so the solution is to engage a Property Management Company.

Buying a property in Sweden is very easy as there are no restrictions for foreign nationals to buy a second home there. The Swedes love their lakeside retreats, wooden houses set on the edge of a forest over looking the crystal-clear waters of a lake. Or if you are a city dweller you can purchase a smart apartment in the centre of Stockholm with a traditional Swedish pine floor for the fraction of the price you pay at home. A cottage costs around 40,000 euros whilst larger houses are about 100,000 euros. Properties in Stockholm, Gothenberg and Malmo are more expensive.

The main thing is to find a Property Manager who is up-to-date with the latest laws of the land regarding Landlords and Tenants. This is because on the rare occasions when something goes wrong it is the Manager who will have to deal with unpaid rent, tenants causing a public nuisance or damaging the property. The Manager is the owner's representative in Sweden and will have to instigate litigation if necessary.

Property management fees are normally based on a percentage of the rent collected each month, usually between 3% and 10%, plus additional fees to cover repair and maintenance.

Short lets are ideal as tenants do not sign long leases, they stay for one to six months meaning the owner can go to their second home as frequently as they want.

A good website to do to is International Property Brokers. They take pride in providing first-class management services all over the world.

They offer the following services when preparing a property to let

  • Building and refurbishment work
  • Handover of keys
  • Insurance and utility arrangements
  • Ensuring the property is correctly presented for the tenants

They recommend short lets to the owners as this offers greater protection from robbery than if the home was left empty.

For most people these properties are holiday homes, somewhere to go to escape the rat-race, so you need someone to look after your cherished second home when you are not there.

There are a number of Property Management Companies in Sweden as it is one of the world's top 10 choices of country to own a holiday home.

Generally the duties of a Property Management Company are

  • Accepting rent
  • Responding and addressing safeguarding issues
  • Promoting vacancies for landlords
  • Doing credit and background checks for tenants

Some compancies will also manage construction, development, renovation and protecting a property. Having a Property Manager provides a personal touch and gives the home-owner a buffer if he or she does not wish to deal with any problems when they are away from the property.

Another reputable firm is the British-based Savills which has just acquired the Swedish Property Management Company Stadomiven which is based in Stockholm.

Some property firms in Sweded only deal with commercial or industrial properties so it is important to find one that deals with residential homes. EFM Asset Management has an excellent track record in Property Management  but specialises in shopping malls and the staff are trained in commercial property management.

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Comments (1)
carl andersson

Interesting! In Sweden you also can find that unique nature and wilderness, that you can access freely by law ("allamansratten"). Here is an interesting prospect, in the heart of Sweden´s wonderful nature: http://www.privateislandsonline.com/Hastholmen.htm

/Carl

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