On 26 April, the Riksbank raised its key interest rate once again and the policy rate is now the highest in 15 years. Older generations have experienced interest rates that are much higher than the one we see now. But people in the 90s and 00s experience for the first time that mortgages eat up a large part of their monthly income.
Emil Dahlin still lives at home with his parents, but in the autumn he moves into his first own accommodation.
"Of course, I have calculated that I will be able to cope with housing costs even if interest rates rise. But it's different when you look at it now and realize how much you're going to have to pay," says Emil Dahlin.
Want to pause the amotering
Since 2016, Sweden has had an amortisation requirement that states that borrowers must repay 1 per cent if the loan-to-value ratio exceeds 50 per cent of the value of the property. If the loan-to-value ratio is above 70 percent, you must repay 2 percent.
But there are exceptions and an exception is if you have bought an apartment that is newly produced.
"I had intended to amortize when I signed. But it occurred to me a while ago that I should probably pause the amortization the first year, during the interest rate peak.
He plans to have variable interest rates.
"When interest rates go down, maybe next year, I can start amortizing," says Emil Dahlin.
In the clip: Follow along to the quay where Emil's new apartment is being built – and hear how he thinks about his personal finances in the future.