In Danderyd, a young adult between the ages of 20-24 must spend 60 percent of their income to afford to buy the cheapest apartment. Over SEK 5,000 a month is spent on paying the cost of the cheapest apartment sold here last year.
In the neighboring municipality of Sollentuna, the cost is almost the same, SEK 4,400 a month. Here, the cheapest condominium in the past year cost SEK 1.5 million. More than 40 per cent of a young adult's income is spent on housing costs.
In Österåker, a young adult needs to spend the lowest percentage of his or her entire income in the county on the cheapest tenancy, 20 per cent, which means a monthly cost of SEK 2,600.
Move-home budgetThe average income for a 20-24 year old is higher in Sollentuna and Österåker and the prices of the cheapest housing rights last year were lower here than in Danderyd.
According to the Consumer Agency's move-from-home budget, a youth can spend 36 percent of their income on housing costs. Based on this calculation, a young adult in their respective home municipality would only have been able to afford to buy some single apartments, which were advertised on Hemnet in the past year. A total of just over 100 apartments in the central cities throughout Stockholm County.
At the same time, prices for tenant-owned apartments have remained largely unchanged throughout Stockholm County for the past three years, according to Statistics Sweden.
There are several different factors that play a role in price developments in condominiums in different areas.
- One is communication and the other is popularity. Some areas are popular. It can be green areas or because it is close to schools, communications and water. We Swedes love water, says Hans Flink, Sales and Business Development Manager at Swedish Real Estate Statistics.