Culture, History, and Business
Malmö is Sweden’s third-largest city coming after Stockholm and Gothenburg. With a population of 316,588 residents, Malmö is the sixth-largest city in Scandinavia. It is one of the earliest cities in Scandinavia to be industrialized, but it went through some struggles while trying to adapt to the post-industrial age. The construction of the Öresund Bridge has impacted positively on the city. Malmö has witnessed significant transformations such as new architectural development, the emergence of new IT and biotech companies, the construction of the University of Malmö, and other tertiary education facilities. This city is littered with many pre-historic buildings and parks.
The economy of this city is largely based on shipbuilding and the construction industry. In the last twenty years, Malmö has seen major improvements in its economy. The other major industries that drive this city are financial and business services, transport, real estate, construction, entertainment, and leisure.
The real estate market in Malmö is one of the best in the world today, and the contributing factors are the ongoing world-class projects in the city. The Malmö residential real estate market has recorded a significant amount of growth over the past few years. More moderately priced and sophisticated housing units are being developed. Top neighborhoods like the City Center and Norr have been the most active, and properties being sold or rented, offer excellent amenities. The potentials offered by making real estate investments in Malmö are rich. This applies to residential as well as commercial real estate. So, the best time to opt-in is now, especially in the top neighborhoods.
With the positive trend in Malmö, making a decision to buy property in this city is a no brainer. Malmö’s commercial sector is thriving, and the outskirts of the town accommodate loads of industrial estates. Commerce is not the only strong point of this city; tourism should not be overlooked as well. This is the exact reason why rental property investors are cashing in big.
Malmö surely presents good deals for any smart investor. Would you like to get more details about this city? Read our succeeding articles to find out the various reasons to invest in Malmö as well as the best neighborhoods to make property investments.