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These are Sweden’s most expensive rental apartments

These are Sweden's most expensive rental apartments
Gothenburg is home to the most expensive rental apartments in Sweden, according to data from 2019. Photo: Per Pixel Petersson/Imagebank.sweden.se
Where is the most expensive rental apartment in Sweden? Perhaps surprisingly, it's not in Stockholm. Here's a look at the ten most expensive rentals from 2019.

The most expensive home rented out in Sweden in 2019, at 32,160 kronor ($3,325) per month, was a seven-room apartment in central Gothenburg, according to property magazine Hem&Hyra, run by the tenant owners' union Hyresgästföreningen. 

The newly renovated apartment at Kungsportsavenyen 37 was almost 6,000 kronor more expensive than the second rental on the list, which is located in the same building. The building was built in 1897 and is situated along Gothenburg's iconic boulevard, often simply called Avenyn (The Avenue). 

The top ten priciest rentals, according to Hem&Hyra's analysis of 2019 data from housing associations and municipal companies in Sweden's five largest municipalities, were found in the most affluent areas of Sweden's three major cities, Stockholm, Gothenburg and Malmö.

But there were also very expensive apartments on the rental market elsewhere.

Last year a five-room apartment in central Uppsala went on the market for 19,817 kronor a month. In Linköping another apartment brought in close to 19,000 kronor each month. 

Top 10 most expensive rental apartments in Sweden

  1. Kungsportsavenyen 37, Gothenburg. 7 room. Rent: 32,160 kronor
  2. Kungsportsavenyen 37, Gothenburg. 5 room. Rent: 26,783 kronor
  3. Vasagatan, Gothenburg. 6 room. Rent: 25,773 kronor
  4. Marietorps allé 3A, Malmö. 7 room. Rent: 25,759 kronor
  5. Husarviksgatan 18, Stockholm. 6 room. Rent: 25,549 kronor
  6. St Paulsgatan 10, Stockholm. 7 room. Rent: 25,059 kronor
  7. Götabergsgatan, Gothenburg. 6 room. Rent: 25,000 kronor
  8. Köpenhamnsvägen 95, Malmö. 6 room. Rent: 23,426 kronor
  9. Valhallavägen 96, Stockholm. 7 room. Rent: 22,645 kronor
  10. Köpenhamnsvägen 93A, Malmö. 5 room. Rent: 22,635 kronor

Source: Hem&Hyra Data: Statistics from the five largest municipalities in Sweden. Not all private landlords are connected which means that more expensive rental apartments may have been mediated outside of the list.

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How much is 'normal'?

In 2019 the average monthly rent in Sweden for a three-room apartment was 7,147 kronor ($739), according to Statistics Sweden.

But there are large variations depending on where you live.

In a municipality with fewer than 75,000 inhabitants, a family pays on average 1,600 kronor less for a three-room apartment than a household in Stockholm does.

And these statistics only take into account so called 'first-hand' contracts, which are subject to rent controls. These contracts in Sweden are in most cases given on a first-come, first-serve basis which means that you join a queue and are given priority based on your position in that queue.

In larger cities it's often impossible to find a first-hand contract without having first spent years, or even a decade or more, in the queue. In larger cities it can take many years in this queue to be eligible for a first-hand contract, so sub-letting or 'second-hand renting' is common. 

Renting in Sweden

Recent figures show a slow increase in available housing, but the shortage is still felt nationwide, and is especially problematic in the larger cities. The National Board of Housing, Building and Planning (Boverket) reports that 240 of Sweden's 290 municipalities has a housing shortage.

Municipal or state-regulated rental companies must abide by restrictions on how much they can charge in rent, based on aspects such as the number of rooms, quality of the apartment, location and proximity to services among others.

The Swedish Tenants Association negotiates rent for tenants who want collective bargaining, and in practice they negotiate levels of rent for 90 percent of Swedish rental apartments, which equates to over three million tenants.

A stated goal in their negotiations is that “rent should not exceed 25 percent of an average salary after taxes”. Based on the 2018 average salary of 34,600 kronor before tax each month, that would equate to a monthly rent of roughly 6690 kronor per person. 


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