Sky-high rents await royal wedding tourists
Published: 6 Apr 10 09:45 CET | Print version
Online: http://www.thelocal.se/25918/20100406/
A large number of Stockholm residents are hoping to take the opportunity to boost their incomes by renting out their apartments during the week of the royal wedding in June.
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Many city centre residents are now taking the chance to earn some extra cash in time for the summer holidays, with several apartments being advertised for as much as 20,000 kronor ($2,800) for the week.
Demand for hotel rooms, rented rooms and hostel beds has increased dramatically for the wedding period and many hotel operators are also taking the chance to hike their prices - in some cases by as much as 100 percent.
For many families hoping to visit Stockholm to savour the royal wedding fervour, an apartment rental is a favoured option and an increasing number of Stockholm residents are responding to the increase in demand.
On the buy and sell website Blocket.se a slew of apartments can be found for rent during the period June 14th-20th. A one-bedroom apartment on Österlånggatan in the Old Town can be had for 20,000 kronor, for example.
Stockholm is a city that has a system of regulated rents and many of the prices touted will be far in excess of what would be paid by the tenant or tenant-owner, and what would normally be permitted according to the system.
The rental regulations however do not normally apply to "holiday" rentals and so Stockholm residents, whether they own their properties as part of a tenant-owner association, or are tenants themselves, are free to set their one off rents at a price the market is willing to pay for a slice of royal wedding romance.
What do you think? Leave your comment below.
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The price of private rentals in central Stockholm now exceeds all but the central zones of London in the UK. Like with some many other areas Swedes are exploiting a system designed to aid the less well off, namely rent controls, to make a private killing.
What is particulary odious is the spectacle of Swedes living in rent controlled properties subletting these properties out at massive profits to themselves. It's a complete corruption of the whole system.
Amid this backdrop it would be far better if Sweden did away with the right of
bostadsrättsförening to veto rentals and opted for an open market where supply could match demand. There would be an immediate reduction in the price of private rentals.
Sweden should also restructure its hyresrätt system. People who rent a property should be entitled to that property as long as they live in it. Subletting should be banned. This would avoid rentals being kept within families for years/decades. The whole system needs freeing up. Sweden is becoming like Italy.
The Klondike Gold Rush mentality remains within people and it's up to government to keep society sane for the good of everyone.
But seriously, planet sweden is right. Unfettered greed is totally disgusting. SK20,000 equals UK £1,823, and look where greed got the UK. The financial system collapsed, and UK citizens now own several banks. But do we want them? No way, we don't want to be tarred with the same brush as bankers earning millions, while poverty and low social welfare payments still exist in the UK. The UK public pension and welfare benefits are the lowest in Europe. Hence, the unemployed have to turn to crime to survive. Sad isn't it. And we call ourselves civilized.
I don't know about Swedish people, but in the UK, most people would pay good money NOT to see our royal family, hopeless, gormless idiots that they are.
If Stockholm rents are regulated, pass a law to stop this opportunistic rip-off. Allowing the market to fix prices, for example less accommodation pushing up prices for those stupid enough to pay inflated rates, leads to the "haves" and the "have nots". Poor versus middle classes/rich. This causes grievances.
Keep you socialist values strong. Protect the poor and weak. For God's sake don't become capitalists!
Greed?? I don't think so. If those coming to Stockholm think it is too expensive, they can always use sleeping bags and tents.
Swedish government pump in millions of tax payers' money for this occassion but did they really ask us whether it is right to use our tax money for that? Royal family are loaded, they sure can pay that themselves. Look at the glasswares, mugs soveniers....everyone wants a piece of the action. So why not those who are willing to rent out their apartments?
If anyone want to rent my place which is !9 mins by pendaltåg to Stockholm for 15000 kr a week, I will definate rent that out too. ( fully equip with the little luxuries for decent living, a huge balcony to suntan.). For me, it don't matter ,I can go to my summer house in Linköping since I am not interested nor am I invited to the wedding. Ha!!Ha!!
The only people coming into Stockholm for the wedding will be swedes, most of these swedes will have a friend or relitive in the city to stay with. The others will know they are being ripped off and simply wont pay it, I can see hostels and the cheaper hotels making some major gains with rooms from 200kr-800kr a night.
Sure there are 200-800kr a night cheapy place, like I say sleeping bags and tents are cheaper. Provded there are still enough cheapy hostel to go around. They might even have friends and relatives in Stockholm but still alot of people do not like to invade and trouble their friends and relatives, If I were to travel anywhere I am willing to pay for my privacy and convenience. Have friends and relatives in many countries but always stay in hotels when I visit their country. Never want to owe anyone favours if I can help it.
So my advice for you but a tent or a sleeping bag!