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Stockholm housing expert says new construction fails lower-income residents

Economy & businessEconomy
Stockholm housing expert says new construction fails lower-income residents
Key Points
  • New housing construction in Stockholm County is important for supply but fails to meet the needs of lower-income residents due to high rents.
  • Many households cannot afford to move into new production, creating a housing shortage that affects some residents more than others.
  • A high level of new production is still needed in the future to solve Stockholm's housing needs, though affordability gaps persist.

According to Henrik Weston, a housing expert at the County Administrative Board, new production is an important part of housing supply in Stockholm County. However, he notes that new production does not solve the housing needs for people with lower incomes. Weston stated, "New production is extremely important.

" He added that a major challenge is that rents in new production are higher than what many can pay, leading to many people being unable to afford to move into new production. " This highlights that there is a housing shortage for some Stockholmers but not for others. A relatively high level of new production is needed in Stockholm in the future to solve housing needs, according to Weston and the County Administrative Board.

New production is extremely important. But it does not solve the housing needs for people with lower incomes.

Henrik Weston, Housing expert at the County Administrative Board

The exact definition of 'lower incomes' in this context remains unclear, and it is unknown how many households in Stockholm are currently unable to afford new production. Despite these challenges, the need for continued construction efforts is emphasized to address the broader housing supply issues.

You can have a job and a fairly okay income, yet you cannot enter the housing market today.

Henrik Weston, Housing expert at the County Administrative Board

There are very many households that cannot have their housing needs met as the situation is now.

Henrik Weston, Housing expert at the County Administrative Board
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Stockholm housing expert says new construction fails lower-income residents | Reed News