This thesis aims to examine the relationship between house prices and immigration. The thesisanswers the question if immigration influences the Swedish house prices during the period 1980 to 2020. Alongside immigration other variables like employment, yearly change in GDP per capita, mortgage rate and disposable income is examined to answer the question, I use Saiz (2007) formula with my own modification. The modifications are largely because of the difficulty of gather the same exact data as Saiz. The dependent variable is housing price index for permanent living and the independent variables are employment, yearly change in GDP per capita, mortgage rate and disposable income. After running a dicker fuller, Engel granger and cointegration tests the results showed that all variables are significant. The results however should be interpreted with caution because of the high correlation between one of the variables.