Why Many in Sweden Have to Wait a Decade (or Longer) to Land an Apartment

Source: Foundation for Economic Education
by Jon Miltimore

“Stockholm is just one of many Swedish cities struggling with a housing shortage. It’s not just that prices are too high; wait times for flats are also stunningly long. In Stockholm, for example, the average waiting time for a typical property is about nine years, the BBC reports, nearly twice what it was a decade ago. Nine years sounds like a long time, but wait-time in Stockholm’s most attractive neighbourhoods can run double that. … For younger Swedes in particular, the housing situation is a real problem—and it stems from Sweden’s decades-long embrace of rent control policies, which stretch back to World War II.” (09/01/21)