No Vacancy in Stockholm and a Rise in Employer-Backed Leases

    Mar 17, 2020 @ 03:31 PM / by Yimkwan Tsang

    Stockholm, SwedenStatue in Stockholm, Sweden. Photo taken by AIRINC surveyor Zenab Tavakoli.

    Rental housing trends in Stockholm 

    The Stockholm housing rental market has been mostly stable over the last several months, despite a steady increase in demand. Rental units are challenging to find in this near-zero vacancy market and houses are especially limited. For new assignees, there has been an increase in demand for employer-backed leases and this trend is expected to grow.

    This landlord-driven market is pursuing company-bonded leases to ensure accountability for rental payments and care of the rental unit. For companies, this option can be enticing because they can choose to pay the rent and deduct housing cost from the assignee’s salary, or simply serve as a guarantor and allow the employees to manage payments.

    With the ever-present demand and severely limited supply, suburban areas have experienced recent growth and a mini-boom in popularity. One up-and-coming area is Hägersten, which is benefitting from the expensive prices of Central and other nearby neighbourhoods that are driving renters away. There is new construction of rental housing, but it remains limited and it is unlikely to change the extremely low vacancy rate.

     


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    Listen | Partner | Deliver.  For over 60 years, AIRINC has helped clients with the right data, cutting-edge technology, and thought-leading advice needed to effectively deploy talent worldwide. Our industry expertise, solutions, and service enable us to effectively partner with clients to navigate the complexity of today’s global mobility programs. As the market continues to evolve, AIRINC seeks innovative ways to help clients address new workforce globalization challenges, including mobility program assessment metrics and cross-border talent mobility strategy. Our approach is designed with your success in mind. With an understanding of your goals and objectives, we ensure you achieve them. Headquartered in Cambridge, MA, USA, AIRINC has full-service offices in Brussels, London, and Hong Kong. Learn more by clicking here.

     


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    Topics: Housing, On-site Insight, Expatriate Housing, Insights and Experience, International Housing Guide, Site Summaries, Sweden, Stockholm

    Yimkwan Tsang

    Written by Yimkwan Tsang