Does Sweden have a housing crisis?

According to the lender, Sweden is estimated to now be building 50,000 new homes at present and in the coming years, comfortable above the 30,000 that are estimated to be necessary to keep up with population growth, meaning the housing shortage of about 90,000 homes should have disappeared by 2027.

Is it hard to get an apartment in Sweden?

Finding housing in Sweden is considerably more difficult than in other European countries. Renting a house or apartment in Sweden is so competitive that there is a black market for long-term leases. Foreigners intent on staying in the country long-term may want to buy a house rather than join the rental fray.

Why is there a housing shortage in Sweden?

PROBLEMS. Sweden has not built enough rental accommodation for decades, meaning long queues for rent-controlled housing. The average waiting time was 9 years in 2020; 70\% of local authorities reported a housing shortage in 2020.

Are there poor areas in Sweden?

Currently, 6\% of Sweden’s population (570,000 people) fall under low-income standards. In 2016, Statistics Sweden announced that less than 1\% of the population in Sweden suffers from severe material poverty.

How is the housing market in Sweden?

Sweden’s nationwide house price index surged 10.14\% (9.79\% inflation-adjusted) during 2020, up from a y-o-y rise of 3.9\% in 2019 and a decline of 1.66\% in 2018, the impact of stricter mortgage requirements having worn off, according to Statistics Sweden.

Can foreigners rent property in Sweden?

Foreigners are not restricted from buying properties in Sweden. Expats living in Sweden can choose to buy properties rather than opt for rental accommodation, as the process of buying is seamless and easy.

Why is so hard to rent an apartment in Sweden?

Due to Stockholm’s infamously strict housing market, its citizens are having an incredibly hard time finding an apartment. You either have to wait in Stockholm’s official housing line, which has about half a million people ahead of you, or you can wait in one of the co-op lines, which own 28\% of rental properties.

What is the homeless rate in Sweden?

SWEDEN. A Swedish national mapping of homelessness took place over one week in 2017, finding 33,250 people homeless, 18\% of whom were described as “acutely homeless” (National Board of Health and Welfare, 2018).