The Gothenburg region’s booming economy faded somewhat in the autumn, shows Business Region Göteborg’s fourth and last Economic Outlook report of 2018. The labour market remains strong while housing prices have fallen and the number of redundancies has risen.
The Gothenburg region’s 100 largest companies employ nearly a fifth of the region’s workforce, but the figure has declined over time as smaller companies grow at a faster pace. These are some of the findings in a new report, Företagande, from Business Region Göteborg.
The property sector gathers in Gothenburg on 11-12 September at the new meeting place Nordic Property Expo. Meanwhile, the region is in the middle of a historic period of rapid development. But in order for the planned development pace to continue, more construction capacity is required, explains Business Region Göteborg’s Andreas Göthberg
The private sector's wage sum in the Gothenburg region grew by nearly 7 per cent, which is much higher than for Sweden as a whole. This was one of the findings of Business Region Göteborg’s second Economic Outlook report of the year.
”A large portion of this wage sum growth is due to new highly qualified and well paid jobs being created in the region,” says Peter Warda, analyst at Business Region Göteborg.
The Gothenburg region is growing faster than anyone could have predicted. The 2018 edition of Business Region Göteborg’s report Facts & Figures shows an attractive region that’s going through a positive transformation.
That more housing is needed to make the Gothenburg region even more attractive is already known. Now it’s time to act on it. Anna Nordén is the CEO of the municipally owned construction and development company Framtiden Byggutveckling AB and one of the people who is spreading story of Gothenburg to attract both collaboration partners and new Gothenburgers to the region.
For the third consecutive year the Gothenburg region had the lowest unemployment rate among Sweden’s metropolitan regions. Meanwhile, unemployment is six times higher among foreign-born residents, but job growth has been strong, shows a new report from Business Region Göteborg.
Gothenburg’s engineering expertise and the city’s relationship with China are a few of the reasons why the city has become a second home for Chinese auto giant Geely, explained CEVT’s deputy-CEO Gang Wei at the real estate event Lokalmarknadsdagen.
Gothenburg’s already strong economy saw further improvement during the autumn and expectations for the spring are even more optimistic. At the same time, falling real estate prices are causing uncertainty among buyers on the property market. But major price drops are unlikely as long as the economy remains strong, according to Henrik Einarsson, head of the Establishment and Investment department at Business Region Göteborg.
Interest in the Gothenburg region has probably never been greater than it is now. To help investors and companies discover the opportunities the Gothenburg region offers, we’ve created a new website www.investingothenburg.com. Here you’ll find keys facts, arguments and contacts that will help do business in the region.