Large housing shortage in Sweden at the moment as call for more home to be built


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Friday, 15 July 2011
The housing shortage is increasing in Sweden and there is a direct correlation between this phenomenons and persistent rise in house prices.

As the forces of demand and supply plays, the view that there is shortages just makes the prices continue to go up.
While small municipalities are loosing population, there are increase pressures on big cities to expand residential facilities for more people coming here to seek opportunities. More than 60 percent of municipalities have a housing shortage, according to new figures from the Building and Planning department (BNK).

As this is being tipped to create an unbalanced environment in the long run, the big losers are retirees, young families with children.
According to the Swedish Housing credit Board, there is the need to be built from 35,000 to 40,000 new apartments per year in the country.
At the moment, very few houses are built according to Lars Magnusson, Director of Building and Planning department (BKN).
By Team

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