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Skellefteå: a city with a bright future for real estate investors

July 27, 2023

Skellefteå is a municipality in northern Sweden that is experiencing a period of rapid growth. This growth is being driven by a number of factors, including the city's strategic location, its abundance of natural resources, and its commitment to sustainability.

According to the Swedish government, the city is expected to receive at least 60 billion Swedish krona (SEK) in investment from the private and public sectors up to 2030. This represents an investment of around SEK 10,000 per capita, which is significantly higher than the national average of SEK 3,000 per capita.

The city is home to the Northvolt gigafactory, one of the largest battery factories in the world. The factory is projected to create 3,000 direct jobs and 10,000 indirect jobs, already attracting new residents to the area.

In addition to the Northvolt factory, Skellefteå is also home to a number of other industries, including mining, forestry, and manufacturing. The city is also a major transportation hub, and it is served by both air and rail.

The combination of economic growth and strong job creation is driving demand for housing in Skellefteå. The municipality estimates that it needs to build 10,000 new homes by 2030 to meet the growing demand.

Real estate developers who are interested in investing in Skellefteå have a number of opportunities. The city has a variety of land available for development, and there is a strong demand for housing. The municipality is also committed to making it easy for developers to do business.

10 Insights that support the need for more housing in Skellefteå:

  1. The population of Skellefteå has grown by over 10% in the last five years, and is expected to grow by 16,000 people by 2030.
  2. The municipality is expected to receive at least 60 billion SEK in investment from the private and public sectors up to 2030.
  3. The Northvolt gigafactory is expected to create 3,000 direct jobs and 10,000 indirect jobs.
  4. Single-family homes dominate the current housing stock, which isn't ideal for young, single, or disabled individuals.
  5. The average price of a home in Skellefteå has increased by 20% in the past year. 3.3 million (SEK) in June 2022, up from 2.7 million SEK in June 2021
  6. The vacancy rate for rental properties in Skellefteå is less than 1%.
  7. Reports show that the demand for housing in Skellefteå is already outpacing supply.
  8. The municipality of Skellefteå has a goal of building 10,000 new homes by 2030, including converting 1,000 commercial spaces into residential spaces.
  9. The municipality is providing incentives for developers to build in Skellefteå.
  10. The high level of investment in Skellefteå is a sign of the city's bright future.

In addition to the insights mentioned above, the municipality is also working to make housing more affordable in Skellefteå. They are doing this by providing subsidies for low-income households, and by working with banks to make it easier for people to get mortgages.

The municipality is also working to improve the quality of housing in Skellefteå. They are doing this by investing in new construction, and by providing support to homeowners to improve their homes.

Aerial view of the Lejonstromsbron wooden bridge in Skelleftea

5 Facts to consider when investing in Skellefteå:

  1. Largest Commercial Property Owner: Skellefteå Industrihus, a municipal company, is the largest owner of commercial properties. It manages a portfolio of approximately 60 properties, which equates to about 285,000 square meters.
  2. Property Availability: Whether central or industrial areas of Skellefteå are of interest, a variety of premises are available through property owners such as Diös, Nordvestor, and NP3.
  3. Private Investment Opportunities: Despite the exhaustion of municipality-owned plots in some areas, private property owners are investing and creating opportunities for businesses by constructing new premises for rent or sale.
  4. Platform for Property Prospecting: To find the best properties with development potential in Skellefteå, sign up for Combify Property Discovery Map.
  5. Support for Businesses: The Skellefteå Municipality's Business Office provides comprehensive support to companies planning to set up in the region, offering advice, coordination of contacts, and other necessary assistance.

Examples of planned residential development in Skellefteå:

Lejongapet 1 m fl och Getberget

Lejongapet 1 m fl och Getberget: This large-scale development plan aims to create up to 500 new homes in the Skelleftehamn area. The project aligns with the municipality's master plan.

Development phase: Review

Del av Morö Backe 2:1, inom stadsdelen Morö Backe

Morö Backe 2:1: This development plan aims to enable the construction of 100 homes and a preschool. The homes will primarily consist of detached and semi-detached houses, complemented with an area of multi-family houses.

Development phase: Consultation

Bostäder norr om Orkestervägen

Housing north of Orkestervägen: This development plan aims to enable housing with proximity to nature. The intention is to develop an unused area northwest of Skellefteå city center with about 200 new rental apartments. The buildings, ranging from 5-9 stories high, will be placed strategically to minimize shadows on surrounding areas. The construction will be eco-friendly, primarily using wood.

Development phase: Consultation

Bostadsområdet Backen inom stadsdelen Sunnanå, Skellefteå

Residential area Backen within the Sunnanå district: This development plan will enable the construction of approximately 500 homes of various sizes, as well as to facilitate the development of a healthcare and care residence and/or school operations. The focus will be on creating a sustainable and well-designed area that encourages communal living. The area will be planned with children's use in mind, with the school area and proximity to forests and land as important focal points.

Development phase: Accepted

Del av Anderstorpsgården 3 och 4

Part of Anderstorpsgården 3 and 4: This development plan aims to enable the construction of multi-family and townhouses of varied sizes. Green areas, paths, and play areas are designed to be accessible to the public. Smaller buildings and equipment for a common outdoor space, play, and activity areas that do not deter the public from staying there can be built within the shore protection area.

Development phase: Legal force with a building permit for 6 apartment buildings approved.

Detaljplan för Volten 2, planuppdrag

Volten 2: The purpose of this development plan is to transform an existing business area for small industry to enable a new residential area with apartment buildings within the Sörböle district, south of the center of Skellefteå.

Development phase: Consultation


Skellefteå is a city with a bright future. The city is well-positioned to become a major hub for green energy and other sustainable industries. This will create jobs, boost the economy, and improve the quality of life for residents.

Real estate investors who are looking for an opportunity to invest in a growing market should consider Skellefteå. The city has a strong foundation and is poised for future growth.


  • Invest in areas that are undergoing development: Skellefteå is a city that is under ongoing development. This means that there are a number of areas that are ripe for investment. Some of the areas that are seeing the most development include the city center, the university area, and the industrial areas.
  • Invest in properties that are close to amenities: When investing in residential real estate, it is important to consider the location of the property. Properties that are close to amenities, such as schools, shops, and restaurants, are more likely to be in high demand.
  • Do your research: Before you invest in any property, it is important to do your research. This includes understanding the local market, the property's condition, development potential, and a promise for future growth.

To find the best investment for you, sign up for Combify's Property Discovery Map today. Combify not only simplifies your process of property discovery, but it also provides you with insightful data that can guide your decision-making process.

I hope these recommendations are helpful. Good luck with your investment! ✨