• Sweden's news in English
 
app_header_v3

'Young Swedes must face reality': housing survey

The Local/og · 31 Mar 2014, 14:21

Published: 31 Mar 2014 14:21 GMT+02:00

 
The survey, carried out by the SBAB bank, found that 43 percent of Swedes aged between 18 and 26 still live with their parents. While it was mainly the respondents on the younger end of the spectrum who lived in their childhood home, SBAB noted that 30 percent of 23-year-olds are still living with their parents.
 
Despite this, Swedes move out earlier on average than their European peers, noted SBAB in a statement. 
 
"In the EU, they are the quickest to move out," they said. 
 
Seventy-five percent of young Europeans - excluding the Nordic countries - still live at home. The tardiest were the Italians, more than nine of ten young Italians live at home, followed by the Greeks and the Spanish.
 
But being the quickest to fly the coop appears not to be quick enough for the young Swedes. Only one in 20 said that they actually wanted to live at home. 
 
"Possibly, today's young Swedes must learn to accept a situation that is closer to the reality in the rest of the EU," SBAB chief economist Tor Borg. "The financially weakest actors on the housing market are, as a rule, the most affected."
 
The bank noted that survey respondents had become more picky about a home's proximity to good transport, which its researchers said could be due to young people realizing they would not be able to afford living near to their place of work or study. 
 
"It can possibly be linked to increased competition on the housing market, where it's become even tougher to get hold of a home," the researchers noted. "And having to choose housing further away from you work or your studies means there are greater demands on functioning communication." 
 
Story continues below…
Many of those surveyed said that they chose not to move out in order to save some money, with more than half scraping together the deposit to buy their first home. In Sweden, homebuyers must pay for 15 percent of the property value up front. Thirty-five percent planned to buy a house, 27 percent were aiming for an apartment (bostadsrätt), and 23 percent were looking to rent a flat on a first-hand contract.
 
Over half of respondents, 53 percent, said that they were specifically saving for a home of their own, up from 40 percent in a similar survey carried out by the bank five years ago.
 
The study was based on responses from 1,000 people.

The Local/og (news@thelocal.se)

Your comments about this article

Today's headlines
Poll shows cost of spring crisis for Swedish government
Swedish PM Stefan Löfven and Deputy PM Isabella Lövin at a cabinet reshuffle in May. Photo: Erik Nylander/TT

The survey suggests the current Swedish government would not receive the largest share of votes if an election were held in May.

Presented by Malmö Town
How Malmö is becoming the next hub for foodies
A dish at Malmö restaurant Bord13. Photo: Gustav Arnetz

When you think Malmö, do you think cheap falafel? Think again.

Fewer than 500 of 163,000 asylum seekers found jobs
Migration offices in Sweden. Photo: Marcus Ericsson/TT

Of almost 163,000 people who applied for asylum in Sweden last year, fewer than 500 landed a job, according to a new report.

Opinion
The eight ingredients that created the Swedish model
Where did the Swedish model begin? Photo: Hasse Holmberg/TT

What is the Swedish model and who invented it? Thinktank chairman Anders Källström presents the eight reasons behind Sweden's success.

Sweden lack fire without Zlatan in Slovenian stalemate
Sweden coach Erik Hamrén. Photo: Janerik Henriksson/TT

But who are the other players who got a chance to shine ahead of the Euro 2016?

Swedish economy beating European giants in 2016
New numbers from Statistics Sweden paint a positive picture. Photo: Micke Larsson/TT

Sweden's economy is leaving the likes of Germany and Great Britain in its wake, figures suggest.

Video
Meet Dynamite Erik, a Swede who blows things up for fun
Who doesn't want to blow up a computer? Photo: Erik Johansson

The Local talks to a Swedish farmer who has turned his hobby of blowing things up into a YouTube sensation.

Swedish police to trial use of taser guns
A file photo of a Swedish police officer. Photo: Johan Nilsson/TT

The weapons are designed to incapacitate assailants through an electrical current.

Swedish woman denied job because of her head scarf
Gothenburg resident Ruya El Hattawi, who says she was denied a job because of her veil. Photo: Private

Delight over tying down a summer job soon gave way to shock when the offer was withdrawn.

Fans threatening boycott of Johnny Depp's Stockholm gig
Johnny Depp and the Hollywood Vampires performing at the 2016 Grammy Awards. Photo: Matt Sayles/Invision/AP

But others were queuing outside on Monday morning.

Sponsored Article
Why Stockholm attracts so many successful researchers
National
How a Swede was denied a job because of her veil
Sponsored Article
Stockholm makes it easier for refugees to meet startups
National
Swedish police to trial use of taser guns
National
'Sweden would not be able to defend Gotland'
Blog updates

27 May

Editor’s blog, May 27th (The Local Sweden) »

"Hej readers, Would you spend a day doing manual labour in high heels? That’s what Swedish…" READ »

 

17 May

What about “att”? (The Swedish Teacher) »

"Hej! It often seems like the small words are the ones that cause the most confusion.…" READ »

 
 
 
Sponsored Article
'Only soft power can defeat radicalism'
Gallery
People-watching: May 27th-29th
Sponsored Article
Eat, learn, live: unforgettable holidays in France
National
First migrants make it from Denmark to Sweden on foot
Gallery
The best, cutest and funniest snaps from Prince Oscar's christening
Travel
Is this town the best place in Sweden?
Sponsored Article
'Sweden gives artists the space to follow their dreams'
Gallery
People-watching: May 25th
Sponsored Article
'A sustainable Sweden must embrace diversity'
Society
WATCH: Why Swedish handyman wore pink high heels for feminism
Sport
LIST: Top-ten ridiculous things Zlatan has compared himself to
Sponsored Article
How to find student housing in Malmö: 5 tips
Business & Money
Why Swedes don't want the euro
Sponsored Article
Can you afford to live in Stockholm? (Hint: yes)
Fastighetsbyrån
Gallery
Property of the week: Vika, Falun
National
Is this the most Swedish tattoo ever?
Sponsored Article
Food, fun, and reliable sun: Summer in Dubrovnik
Gallery
People-watching: May 20th-22nd
Sponsored Article
How Stockholm startups help new employees feel at home
National
How to really annoy a Swede abroad
Sponsored Article
VIDEO: Why Malmö is the world's 6th best city for biking
National
How this war veteran is warming hearts in Sweden
Sponsored Article
'Sweden gives artists the space to follow their dreams'
Gallery
People-watching: May 18th
Sponsored Article
Retiring abroad: ensuring your health is covered
National
How this Swede's viral ad totally nailed Stockholm's housing crisis
Sponsored Article
Can you afford to live in Stockholm? (Hint: yes)
Gallery
Property of the week: Vasastaden, Gothenburg
Sponsored Article
Why you should attend an international job fair
Lifestyle
The best Swedish cities for dating
Sponsored Article
Stockholm makes it easier for refugees to meet startups
Gallery
People-watching: May 13th-15th
Culture
BLOG: Eurovision as it happened
National
Why a 116-year-old Swede isn't the world's oldest woman
3,315
jobs available
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
psdmedia.se