More Young People in Sweden Finding Housing, Survey Shows

It has brightened up somewhat on the housing front. More young people have managed to find a home in recent years, shows the Swedish Union of Tenants' recurring measurement. At the same time, there are 200,000 young adults in Sweden who live at home with their parents and nine out of ten want to move away from home but cannot, says vice chairman Ola Palmgren.

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More Young People in Sweden Finding Housing, Survey Shows
Photo: Pi Frisk / SvD / TT

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21 percent of the nearly 5,400 20–27-year-olds who responded to the Hyresgästföreningen survey live at home with their parents, and the vast majority against their will. In 2019, that figure was 27 percent.

If the figures are broken down, it is among 26–27-year-olds that significantly fewer still live at home, 8 percent, while it is a considerably higher proportion among 20-21-year-olds.

Their parents also want them to move away from home and be able to start their adult lives, says Ola Palmgren, vice chairman of Hyresgästföreningen.

At the same time, more people live in their own accommodation.

This coincides with the fact that we had relatively high construction figures in the middle of the 2010s, which was a combination of extremely low interest rates and an extremely high housing shortage. But also that there was an investment grant for the construction of rental apartments with more reasonable rents, he says.

Often very expensive

Now, less is being built again.

Yes, the question is how it will look in the future when less is being built now and there are also very high costs for new production, which makes it difficult for many young people to access those apartments, he says.

There are vacant rental apartments to move into immediately, but they are usually very expensive.

Increased construction makes a difference, but you have to build housing that young people and people with normal incomes can afford to live in, says Palmgren.

Is it being built too finely, too expensively?

It's not that we should dramatically lower our housing standard in Sweden. You need to make sure there is financing for construction. We have proposed favorable construction loans where the state helps so that construction companies can borrow at reasonable costs and keep rents down, says Palmgren, who also sees a need to raise housing allowances for young people as well.

Helps on the margin

The government has come up with proposals to facilitate loan rules for the buyer market.

Does it make any difference?

It could help someone on the margin, who almost has the means to buy a home.

Policymakers seem to have almost given up, housing policy rarely dominates the agenda, he notes.

Housing policy has been inadequate for 30 years. It's regardless of the government.

5,381 people have responded to the survey conducted by Indikator Opinion. Many more have been asked, the response rate was 27 percent.

Data collection, conducted between March 13 and May 12 this year, of a random sample of people in the 20-27 age group, via mail with reminders via SMS and digital mailbox.

The study has been conducted every other year since 1997.

Source: Hyresgästföreningen

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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