Rent Setting in Sweden. Rents are not frozen or capped, but increases are negotiated through mass collective bargaining between landlord and tenant unions.
This Swedish advertisement shows 2000 applicants for an apartment. Denmark has similar housing queues, as does the Netherlands. If the price is below market price, then there will always be a queue or lottery as more people can afford to apply.
City of Stockholm Official Housing Queue is here. Average wait is 10 years for a rental property. https://bostad.stockholm.se/statistik/ (In Swedish)
Rent Setting in Sweden. Rents are not frozen or capped, but increases are negotiated through mass collective bargaining between landlord and tenant unions.
Rent Setting in Sweden – SABO
http://www.sabo.se/om_sabo/english/Sidor/Rent-setting-in-Sweden.aspx
That’s an excellent resource, thank you for posting that in your comment!
This Swedish advertisement shows 2000 applicants for an apartment. Denmark has similar housing queues, as does the Netherlands. If the price is below market price, then there will always be a queue or lottery as more people can afford to apply.
Rent Control in Stockholm
http://marginalrevolution.com/marginalrevolution/2015/07/rent-control.html
These countries often have strict land controls, which means that even if a new build is profitable, you wouldn’t get approval for it anyway.