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ECONOMY

Rental shortage in large parts of Sweden

Demand for rental apartments has continued to outstrip supply in large parts of Sweden, according to a new report.

Four out of 10 municipalities report a housing shortage, slightly fewer than in previous years.

But the report shows Sweden to be divided between town and country: the shortages are focused on metropolitan areas and in major university towns with growing populations, while many smaller communities with declining populations have problems with a housing surplus.

According to local assessments, the housing shortage primarily affects young people, the elderly and large families.

“It is both about getting apartments for young people and having apartments that are appropriate for the needs of older people,” said Christina Johannesson, project manager at Boverket.

While many areas have adopted guidelines to ensure the most needy get housed, many communities still do not meet their statutory obligations to provide housing for young and old people:

“It is important that municipalities take responsibility and have a strategic plan on how to secure housing for young and old, ” said Johannesson.

The sale of public housing to tenants has declined from nearly 18,000 apartments in 2008 to around 14,400 in 2009. The greater Stockholm region accounted for the majority of sales.

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ESSENTIAL SWEDEN

Banks, bills and mortgages: Essential articles for life in Sweden

Wondering which banks give mortgages to foreigners, or what happens if you are struggling to pay a bill? Essential Sweden this week answers those questions and more.

Banks, bills and mortgages: Essential articles for life in Sweden

Interest rates may soon drop, but there’s still hope if you’re finding it hard to pay your mortgage each month.

Which bank should you use if you’re a recent arrival to Sweden? We asked our readers for their tips: here’s what they said,

We hope you never find yourself in the situation that you’re unable to pay a bill in Sweden, but it’s good to know what happens if you do, just in case.

Owning a second home is relatively commonplace in Sweden, and they often sell for under a million kronor in more remote areas. But what should you take into account when considering a purchase?

People who arrived in Sweden as adults often need to top up their pension savings, and one way to do this is via investments. What are the different types of investing and how do they work?

Finally, if you’re planning on buying a home any time soon, it’s worth knowing which banks require you to have permanent residency in Sweden before you apply for a mortgage. 

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