Young Adults Find More Opportunities in Sweden's Housing Market

Young people now have it somewhat easier to enter the housing market, according to the state-owned bank SBAB's survey. However, for a 27-year-old man, there are still several alternatives than for a same-aged woman.

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Young Adults Find More Opportunities in Sweden's Housing Market
Photo: Johan Carlberg/SVD/TT

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A 27-year-old woman with a median income can now buy an average one-room apartment in 15 of the country's 25 largest municipalities, nine more than in last year's survey, according to SBAB.

For a man of the same age, it's about 21 of 25 municipalities, the bank writes.

The review is based on an average apartment price and median income in the different municipalities, assuming the applicant has capital for the cash contribution.

"The result can be interpreted as a positive indication, but the situation for today's young people is far from resolved", says SBAB's private and housing economist Linda Hasselvik in a comment.

Among the factors that have contributed to the change, SBAB mentions wage increases and further job tax deductions as factors that can increase the borrowing space for borrowers.

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

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