Authored by the expert who managed and guided the team behind the Sweden Property Pack
Everything you need to know before buying real estate is included in our Sweden Property Pack
Property bidding in Sweden operates through an open and transparent system where all participants can see each other's offers in real-time.
The Swedish bidding process is unique because bids are not legally binding until a written contract is signed, allowing both buyers and sellers flexibility throughout negotiations. As of September 2025, most properties sell above their asking price, with premiums ranging from 10% to 30% depending on location and market conditions.
If you want to go deeper, you can check our pack of documents related to the real estate market in Sweden, based on reliable facts and data, not opinions or rumors.
Swedish property bidding is conducted through estate agents via phone or text, with all participants notified of each bid in real-time. Pre-approval for mortgages is highly recommended but not legally required.
The bidding process typically lasts a few days, with final prices often exceeding asking prices by 10-30% in competitive markets.
| Bidding Aspect | Swedish Practice | Key Details |
|---|---|---|
| Bid Submission | Via phone/text to estate agent | Anonymous bidder numbers used |
| Pre-approval | Highly recommended | Not legally required but expected |
| Bid Transparency | All bids visible to all participants | Updates within minutes to an hour |
| Bid Binding | Not binding until contract signed | Can retract anytime before contract |
| Minimum Increment | No legal minimum | Varies by situation and agent guidance |
| Typical Duration | Few days | Can be faster for high-demand properties |
| Price Above Asking | 10-30% premium common | Depends on market conditions |
How do I actually make a bid on a property in Sweden?
You submit bids through the estate agent handling the property, typically via phone call or text message.
The estate agent assigns each bidder an anonymous number to maintain privacy during the process. When you want to place a bid, you contact the agent directly with your offer amount.
The agent then informs all other registered bidders about your bid using your assigned number, creating a transparent but anonymous bidding environment. You'll need to register your interest with the agent before the bidding begins, usually during or after viewing the property.
Most estate agents require you to provide contact information and proof of financial capability before accepting your bids.
It's something we develop in our Sweden property pack.
Do I need to be pre-approved for a mortgage before I can place a bid?
Pre-approval is not legally required but is highly recommended and often expected by sellers and estate agents.
Swedish sellers and agents want assurance of each bidder's financial credibility, making pre-approved buyers more attractive. While you can technically bid without pre-approval, your offers are less likely to be taken seriously.
Swedish banks can be particularly strict with mortgage approvals, especially for foreign buyers who often need local income history and a Swedish personal number. The pre-approval process typically takes 1-2 weeks and provides you with a clear budget limit.
Having pre-approval also speeds up the final purchase process since the mortgage paperwork is already prepared.
Is there a minimum amount I have to increase my bid by each time?
There is no legally mandated minimum increment for bid increases in Sweden.
The increment amounts are determined by the pace of bidding and the estate agent's guidance. Common increments can range from 10,000 SEK to 50,000 SEK or more, depending on the property's price range and market activity.
In competitive bidding situations, increments tend to be smaller and more frequent. For higher-priced properties, larger increments are typical to demonstrate serious intent.
The estate agent may suggest appropriate increment amounts based on the current bidding dynamics and market conditions.
How do I know what other people are bidding and how quickly does that information get updated?
All bids are communicated to all registered bidders in real-time through the estate agent.
Updates typically occur within minutes to an hour of each new bid being placed. The agent contacts all bidders via phone, text, or email using the anonymous bidder numbering system.
You'll receive notifications showing the current highest bid and which anonymous bidder number made it. This transparent system ensures all participants have equal access to bidding information.
Some agents also maintain digital platforms or group messages where bid updates are shared simultaneously with all participants.
Can I retract or lower a bid once I've made it?
Yes, you can retract or lower your bid at any time before signing the written purchase contract.
Swedish property bids are not legally binding until a formal contract is signed, giving buyers flexibility throughout the bidding process. There are no penalties or legal consequences for withdrawing your bid before contract execution.
However, retracting bids frequently may damage your credibility with the estate agent and seller. It's advisable to carefully consider your financial limits before placing bids.
Once you withdraw, you cannot automatically re-enter the bidding unless the agent agrees to accept new bids from you.
Don't lose money on your property in Sweden
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
Do bids in Sweden legally bind me to buy the property if I win?
No, winning bids are not legally binding until you sign a written purchase contract.
The Swedish system provides flexibility for both buyers and sellers throughout the bidding process. Even as the highest bidder, you're not obligated to complete the purchase until contract signing.
Similarly, sellers are not obligated to accept the highest bid and may choose based on terms, timing, or personal preferences. The legal binding occurs only when both parties sign the formal purchase agreement.
This contract signing typically happens within one to several days after bid acceptance, giving both parties time to finalize terms and conditions.
Does the estate agent have to present all bids to the seller, and how can I be sure they do?
Yes, Swedish law requires estate agents to present all bids to the seller and maintain a documented log.
Agents must keep a comprehensive record of all bids received, including timestamps and bidder information. This log becomes available to both parties after the sale concludes.
Every bidder receives a copy of the official bid list after the transaction is completed, ensuring transparency and accountability. This system protects buyers from potential agent misconduct.
If you suspect an agent hasn't presented your bid properly, you can request documentation and file complaints with Swedish real estate regulatory authorities.
It's something we develop in our Sweden property pack.
How long does the bidding process usually last once it starts?
The bidding process typically lasts a few days, though high-demand properties may sell faster.
Most bidding rounds conclude within 2-5 days from the initial bid submission. In Stockholm's competitive market, some properties may receive winning bids within 24-48 hours.
The timeline depends on factors including property location, price point, market conditions, and number of interested buyers. Popular areas like central Stockholm or Gothenburg often see quicker resolution.
Estate agents may set specific deadlines for bid submissions, particularly for highly sought-after properties. Weekend viewings often lead to bidding that concludes by the following Tuesday or Wednesday.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Sweden versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
Is it common for the final selling price to go much higher than the asking price, and by how much on average?
Yes, final selling prices commonly exceed asking prices, especially for attractive properties in desirable locations.
As of September 2025, premiums of 10-30% above asking price are typical during competitive bidding situations. Stockholm properties often see higher premiums due to intense market competition.
The exact premium depends on location, property type, and market conditions. Apartments in central Stockholm frequently sell for 15-25% above asking price, while properties in smaller cities may see 5-15% premiums.
New listings often use strategic pricing below market value to generate bidding wars, making these premiums an integral part of the Swedish property market strategy.
When I win the bidding, what are the next steps and how soon do I need to sign a contract?
Once your bid is accepted, you typically need to sign the purchase contract within one to several days.
The contract signing process includes paying a deposit of approximately 10% of the purchase price. The remaining payment is due on the possession date specified in the contract, usually several weeks later.
For apartments (bostadsrätt), you must also apply for membership approval from the housing association after signing the contract. This approval process can take additional time and is required before taking possession.
During the period between contract signing and possession, you'll finalize mortgage arrangements and complete any remaining legal requirements.
Do foreign buyers face any extra rules or restrictions when bidding in Sweden?
Foreign buyers face no additional bidding restrictions in the Swedish property market.
However, securing a Swedish mortgage can be significantly more challenging without local income and residency status. Most Swedish banks require proof of Swedish income and a personal identity number (personnummer).
Foreign buyers often need to provide larger down payments or seek alternative financing arrangements. Some may need to purchase properties with cash or seek financing from their home countries.
The bidding process itself remains identical for all buyers regardless of nationality, ensuring equal participation in property auctions.
It's something we develop in our Sweden property pack.
What strategies do locals use to increase their chances of winning without overpaying?
| Strategy | Description | Risk Level |
|---|---|---|
| Pre-approval preparation | Get mortgage pre-approval to strengthen credibility with sellers | Low |
| Thorough property inspection | Complete detailed inspection before bidding to avoid surprises | Low |
| Budget discipline | Set firm maximum limits and stick to them regardless of emotions | Low |
| Strategic bid timing | Enter bidding in later rounds to avoid early escalation | Medium |
| Market research | Research comparable sales to understand realistic price ranges | Low |
| Last-minute bidding | Wait until final rounds to place competitive bids | High |
| Flexible terms offer | Offer favorable terms like quick possession or cash payment | Medium |
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Understanding the Swedish property bidding process is essential for successful real estate investment in the country.
The transparent but competitive nature of Swedish property auctions requires careful preparation and strategic thinking to secure properties at reasonable prices.