Sweden’s construction investments are forecast to decline to 646.8 billion kronor in 2025, down 2% from 659.0 billion kronor in 2024. The projected decrease is driven by a 4% drop in commercial building investments, while housing is expected to grow 1% and infrastructure to remain flat. Investments are forecast to increase to 670.7 billion kronor in 2026, according to the Swedish Construction Federation.
Housing investments are set to rise from 194.0 billion kronor in 2024 to 195.8 billion kronor in 2025, and to 206.1 billion kronor in 2026. This marks a recovery following a 15% decline in 2024. Within the sector, new housing construction is projected to rise 11% in 2026 after a 1% decline in 2025. Renovation investments are expected to grow 2% in 2025 and 1% in 2026. The number of started dwellings is expected to reach 30,500 in 2026, compared to 26,500 in 2024.
Commercial building investments are forecast to fall to 298.5 billion kronor in 2025, down from 311.8 billion kronor in 2024. Private sector investments are projected to decline by 8%, while public investments are expected to rise 3%. The total investment volume for the sector is projected to reach 300.7 billion kronor in 2026, led by ongoing government spending on defense facilities and hospital projects.
Infrastructure investments are forecast to remain stable at 152.5 billion kronor in 2025 and increase to 164.0 billion kronor in 2026. Private investments in the sector are expected to grow 1% in 2025 and 8% in 2026, with energy projects and transport facilities as key drivers. Public investments are projected to fall 2% in 2025 before increasing 7% in 2026, supported by higher rail infrastructure spending.
The construction workforce is expected to contract by 1.3% in 2025, after a 4% decline in 2024. Employment is projected to increase by 1.6% in 2026, equal to 5,900 new jobs. Over the full 2024–2026 forecast period, net employment in construction is expected to rise by 1,200 people.
The construction sector is forecast to return to positive GDP contribution in 2026, supported by lower interest rates, increased household consumption, and higher disposable income, the Swedish Construction Federation stated.
