• Sweden's news in English
 
app_header_v3
Stockholm is fastest growing city in Europe
A road crossing in Stockholm. Photo: Simon Paulin/Image Bank Sweden

Stockholm is fastest growing city in Europe

Maddy Savage · 16 Oct 2015, 16:37

Published: 16 Oct 2015 11:37 GMT+02:00
Updated: 16 Oct 2015 16:37 GMT+02:00

Stockholm has topped a list of Europe's fastest growing places, with the city's population expected to top one million in the next five years, rising from 911,989 to 1,012,488 by 2020, an increase of 11 percent.
 
The table was compiled for the Stockholm Chamber of Commerce by Swedish economist Peter Stein, who analysed the latest data on city expansion across Europe.
 
Neighbouring Nordic capital Copenhagen came second, with a predicted rise of 10.3 percent. 
 
Meanwhile Oslo, which topped the same table last year came third, with an expected population increase of 7.9 percent.
 
"We are really happy and optimistic about this population growth because it creates more of a critical mass in Stockholm which will help us in the global market moving forward," Maria Rankka, CEO of Stockholm Chamber of Commerce, told The Local.
 
"It's also worth noting that dating back to the mid-90s we have had a very steady GDP per capita growth (...) so it's not just the population that's growing, it's the wealth as well."
 
However Rankka raised concerns that the city's infrastructure would need to be improved in order to accommodate the rising numbers of people moving to what is already the largest urban hub in Scandinavia.
 
"We should continue to improve the underground and roads and railways and we also need to deal with our totally dysfunctional housing market (...) or we will have a lot of problems," she argued.
 
"There is a housing shortage to do with rent controls and low mobility (...) also the construction industry is still heavily regulated so we need to make it easier to get plans through."
 
Stockholm's housing market is the source of heated debates within the business and political communities.
 
In theory, the market is tightly controlled, with rental companies banned from charging tenants above a certain level in a move designed to stop young people and low earners being driven away from urban centres. 
 
In practice, rents vary wildly in Stockholm since there aren't enough apartments with rent caps to go round. It can take 20 years to get to the front of the queue with only around 40 percent of residents lucky enough to have such an elusive first-hand contract. Others look for second-hand leases or rent directly from private landlords. 
 
Sweden’s Social Democrat-Green coalition has promised to set aside 5.5 billion kronor ($665m) for various housing projects in Sweden in its autumn budget due to be passed by parliament in what Finance Minister Magdalena Andersson has described as the "biggest housing political investment in 20 years in Sweden". 
 
Stockholm's business community is also pulling together to try and ease the crisis.
 
"The housing market is a bit tricky but there is help to be had," said Julika Lamberth, Business Development Manager for Stockholm Business Region, a state-funded company working to make Stockholm the leading sustainable growth region in Europe.
 
She told The Local earlier this week that the organisation was constantly consulting with businesses and international professionals in the city to analyse the problem. This includes stepping up efforts to link tech firms with local municipalties and real estate companies in the area.
 
"We are a facilitator and we can connect interesting players together (...) to make it easier for international companies to continue to attract international talent."
 
Europe's ten fastest growing cities
 
1. Stockholm
 
2. Copenhagen 
 
3. Oslo 
 
4. London 
Story continues below…
 
5. Helsinki 
 
6. Vienna 
 
7. Berlin 
 
8. Dublin 
 
9. Brussels 
 
10. Bratislava
 

For more news from Sweden, join us on Facebook and Twitter.

Maddy Savage (maddy.savage@thelocal.com)

Today's headlines
In pictures: Eight cool compact Scandinavian houses
Houzz.se editor Sara Norrman rounds up some neat but great Scandinavian houses. Photo: Sommarnöjen

Size isn't everything, and Houzz.se's editor in chief Sara Norrman proves it with this looks at nine brilliant uses of compact Scandinavian houses.

Brexit and the growing digital divide
A business meeting at Artipelag in Stockholm. Photo: Henrik Trygg/mediabank.visitstockholm.com

Modern tech hubs like Stockholm are thriving while smaller regions struggle. We need to close this gap and we need to do it quickly, argues Leif Rehnström, CEO of the Skellefteå-based Hello Future!

Brexit vote
'Brexit is an opportunity for businesses in Stockholm'
Could London's pain be Stockholm's gain post Brexit? Photo: Kirsty Wigglesworth/AP/TT

The Local speaks to British business owners in Sweden about how they think the Brexit vote will impact their work.

Swedish police to hand out anti-groping armbands
A boy and a girl wearing the armbands. Photo: Swedish police

Swedish police have launched a campaign aimed at curbing sexual harassment among young people.

Use it or lose it: Swedish banknotes expire this week
The notes in question. Photo: Micke Larsson/TT

Make sure you don't forget to spend your old Swedish 20, 50 and 1,000 kronor notes, which will no longer be legal tender by the end of the week.

Foul-mouthed attack on young Swedish mother in England
York from above. Photo: Peter Czerwinski

The woman was told to go back to her own country after she was heard speaking Swedish to her children.

Meat-free days soaring in Swedish schools
Meat-free days are up by as much as 80 percent in Swedish schools. Photo: Lunds Universitet/TT

The number of Swedish schools ditching meat has grown significantly according to a study of municipal environmental credentials by a sustainability magazine.

Why these recalled Ikea drawers ‘can result in death’
Ikea demonstrates the potential danger at a news conference in Washington. Photo: Carolyn Kaster/AP/TT

Swedish furniture giant Ikea said on Tuesday that 35 million chests and dresser units recalled in North America can 'result in death or injuries to children' if not properly anchored.

The Local List
Five things to do in Stockholm when it empties for summer
Photo: Henrik Trygg/visitstockholm.com

The Swedish capital can feel a bit empty during the summer, but fear not, there are ways to enjoy it.

Brexit: Swedes in the UK
'My Swedish friends and I talk about moving to Scotland'
Moving further north is one post-Brexit option touted by a UK-based Swede The Local spoke to. Photo: Photo: Kirsty Wigglesworth/AP/TT Hasse Holmberg/TT

The Local speaks to UK-based Swedes on the impact they think Brexit will have on their lives and their future plans in the country.

Sponsored Article
Why Swiss hospitality graduates are in demand
National
Is this Swede the new Vincent van Gogh?
Sponsored Article
5 reasons you should try dating with The Inner Circle
Politics
Citizenship applications up 500% for Brits in Sweden
National
The humble Swede who sent England home from Euro 2016
Blog updates

28 June

A message for British expats in Sweden (The Diplomatic Dispatch) »

"The people of the United Kingdom have voted to leave the European Union. As Prime Minister…" READ »

 

10 June

i lördags, på lördag – time phrases for present, past and future (The Swedish Teacher) »

"Hejsan! Swedish time phrases can be difficult to master. It takes a lot of practice to…" READ »

 
 
 
Sponsored Article
How to find student housing in Malmö: 5 tips
Gallery
Property of the week: Torhamn
Sponsored Article
International students in Stockholm partner with Nepal school
International
'A morning of sorrow': Sweden reacts to Brexit vote
International
Sweden opposition cools talk of 'Swexit' poll
International
'Devastated' - Brits in Sweden shocked by Brexit vote
Sponsored Article
Why you should attend an international job fair
Gallery
People-watching: June 22nd
Sponsored Article
Avoid hidden fees when sending money overseas
Private
The Local Voices
'Swedes don't treat me differently because I wear a hijab'
Culture
How do Swedes celebrate Midsummer?
Sponsored Article
Education abroad: How to find an international school
Culture
Coming soon: Sweden’s smelly fermented fish
Sponsored Article
The man behind Sweden's biggest music festival
National
Assange lawyer: Sweden should recognize UN opinion
Private
The Local Voices
Why is this Syrian dentist who hugs like a Swede worried about undies?
Sponsored Article
US expats: Have you met your tax deadlines?
Swedish nationalist 'shot and ate' lion and giraffe
Sponsored Article
Malmö: Home to the best food in Sweden?
Analysis & Opinion
'Sweden's residency revamp is harmful and inhumane'
Sponsored Article
VIDEO: Why Malmö is the world's 6th best city for biking
Photo: The Local
The Local Voices
UNHCR boss: 'It's hard to start your life without your family'
Sponsored Article
5 reasons you should try dating with The Inner Circle
Politics
VIDEO: Brits in Europe say why UK should stay
Photo: Marko Risović
The Local Voices
World Refugee Day: Searching for safety in Europe - in pictures
Sponsored Article
6 simple travel hacks that will make your life easier
National
Is Swedish nationalists’ foreign food ban bananas?
Gallery
Property of the week: Söråker
International
Poll shows huge support for EU in Sweden
The Local Voices
How a Syrian scuba diver mobilized Sweden's biggest asylum centre
Sport
Zlatan: 'If we'd been fighting for real, he'd be in hospital'
3,317
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