Both expats and Swedes have a difficult time finding sublets due to our limited market. We have found that people moving from Brussels and Singapore has the hardest time aligning their expectations to the market's reality. One of the many reasons our rental market is so limited is due to the Boards of the co-op associations in Sweden have a say in what you do with the apartment that you own.
In order for a co-op owner to rent out their property, they have to petition the board and get their tenant approved. Not only can this be a lengthy process but some co-ops have the attitude that they do not want to have renters in the house since they assume that renters will not adhere to the house rules or engage in house projects.
Politicans are now putting forward a bill to restrict co-op Boards to excercise such power. This is a very positive development for the rental market in Sweden; especially Stockholm, Göteborg and Malmö. These cities have serious housing shortages.
We are hopeful and optimistic that if this bill passes, more apartment owners will sublet their homes resulting in a better market for all. Considering the extent of Swedish industry this will be crucial for attracting international talent for Swedish companies. Let's collectively keep our fingers crossed!
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