This is the 1198th most frequent Swedish word.
fastighet
"Fastighet" means "property" or "real estate" in English.
Here, 'fastighet' refers to a physical building or estate used as a location identifier.
Fastigheten vid torget är gammal.
The property by the square is old.
In this context, 'fastighet' indicates an asset, specifically a piece of real estate.
De köpte en fastighet utanför staden.
They bought a property outside the city.
This usage of 'fastighet' refers to real estate generally in the context of economic investment.