It's not yet clear how much real estate on the moon is worth, or who's lining up to live there, but a Swedish artist is set to start construction on the lunar surface.

Mikael Genberg first presented his plan to build a red house on the moon in 2003. He has recently won the support of his country's space program after also getting several multi-million dollar sponsors and politicians lined up.

While there's no exact time frame for the project, the space agency's Fredrik von Scheele is quoted as saying: "If we manage to do this, Sweden will be the third country to stake a claim on the moon." The artist has said he plans to send his structure up in an unmanned spacecraft , and that it will be light, yet "sturdy enough to remain standing for thousands of years once it's up there."

Don't get too excited, though -- at less than 100 square feet, this new symbol of Swedish pride won't be much of a place to call home. And there's really not much going on in the neighborhood.

Question raised: Would you live in a red house on the moon?