Who is buying 5+ million apartments
Hi!
Looking at the new apartments in Stockholm and getting astonished by the prices. Like 5-6 million kronor is an average price for having 2-3 rooms and a living room with a kitchen in it.
Same goes for apartments which can be considered new, like less than 10 years old.
6 millions kronor mortgage would be 30 thousand kronor in a monthly payment right now. For our family it would be around 50% of our income while our salaries are more than median in the field.
But it seems like a lot of people are buying such expensive apartments anyway. How do they do that?
Edit: I just have read every comment. Didn't except this to have so many answers, thanks everyone for chipping in!