Rent control in Europe: Sweden

Population: 9,884,285 GDP: $570,591,000,000 Avg. Weekly Earnings: €842.29 Avg. Apartment Price (Per. Sq. M.): €687.51 Avg. Monthly Rent: €1,252.83

To begin our series profiling the rent control situation in EU countries, we will take a look at the impact of rent control on the private rental market of Sweden, with a focus on the capital city of Stockholm where the city limits are home to 900,000 of Sweden’s 9.9 million citizens. The rental market there is a relevant reflection of the country’s conditions as a whole given the importance of the city to the economy in general.

Sweden has perhaps the most pro-tenant laws in the world, and has been held up as an example for other EU nations investigating rent control legislation. The reasons for the attractiveness of the example are largely because people look at the terms tenants in an existing tenancy face. The issue that arises, however, is that in creating such a tenant-friendly environment, the Swedes have subsequently alienated landlords and generated a dramatic shortage of rental properties, that aspect of their market is rarely raised …

Read More