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The Swedish real estate market is worth an estimated $3.8 trillion in 2023 and is expected to grow at a CAGR of 2.69% until 2028. However, the market has experienced a significant downturn in 2022 and 2023, with housing prices dropping by approximately 16%.
The Swedish government is a major player in the real estate market, procuring a wide range of properties and services. In 2022, the government spent SEK 24.6 billion on real estate procurement, representing 3.2% of total government spending.
Main real estate products and services procured by the Swedish government:
Office space
Residential housing
Infrastructure
Healthcare facilities
Educational facilities
Top authorities for Sweden real estate procurement:
Swedish National Property Board: Responsible for managing and developing government-owned properties.
State Construction Projects Administration: Responsible for managing and overseeing government construction projects.
Local government agencies: Responsible for procuring real estate for local needs, such as schools and hospitals.
Top winners of Sweden real estate procurement:
Skanska: A Swedish construction company that has won several major government contracts, including the construction of the new National Museum in Stockholm.
Veidekke: A Norwegian construction company that has also won several government contracts in Sweden.
Peab: Another Swedish construction company that is a major player in the government procurement market.
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