Is it possible to start investing apartments (to rent them) in sweden? I mean how it works there?
I have heard that when you will buy an apartment, you won’t actually buy the apartment, estate or the land, but you only buy a right to live in the apartment which is actually owned by a property owner?
Is it true apartment markets are regulated and you will have to yourself into queue to be able to purchase this kind of right to live in an apartment?
Your apartments will unironically be seized to house refugees anyway
I don't see it as a problem as long as I will get payed.
Yeah, at reduced rates.
>Is it true apartment markets are regulated and you will have to yourself into queue to be able to purchase this kind of right to live in an apartment?
Yes. I waited 6 years for my apartment.
There is a huge shortage of apartments in Sweden, and all the new ones are too expensive for the people who need them.
The solution is queues.
You sign up, gather points and every time an apartment gets available the person with the most points get to choose first.
You can buy apartments directly though (I think) but I'm way too poor for that..
Even the cheapest place would cost around 80k-150k Euro in my city..
And as you said, you don't own the apartment. You own the right to live there and you still pay rent. Just a lower amount that if you rented.
We're currently experiencing drops in pricing of apartments so don't know if you should invest right now.
And no, don't listen to norway, he is making up things.
The only thing government would do is offer you a lot of money for your apartment.
thanks!
if I understood it right there are two kind of markets? This queue type (which won't probably allow you to heard apartments) and the option to buy directly from the current owner of the "apartment right" (which makes it possible to invest)?
That sounds awful
>heard
*hoard
Is OP is discovering the concept of being a landlord?
More so, is OP going into the housing market right before the largest crash we will ever see?
Welp. The average price of an apartment in Stockholm is 72 490 SEK (7 290 EUR) per square meter. Go ahead and use your millions to purchase a couple of apartments and let the renting begin.
>Is OP is discovering the concept of being a landlord?
I'm not sure. I have several apartments in helsinki, the system is easier to understand in here. You just buy it, you own it and rent it.
Buying the rights of "owning" an apartment is what most do, since then you can take out more than 75% extra on renting it.
If you rent it and then rent it 2nd hand, you can only get 25% more from the original rent price.
So you have to think thoroughly what to do.
Literally communism.
Thank you! This was very helpful.
It is. The only chance a person have if they want to move right away is to buy a house.
I'll go through how renting my place worked.
1. Live with parents, be 18 years old.
2. Get job and sign up for housing queue
3. Build up points every day or week or something like that
4. Finally after 6 years I had enough to be the 1st in line
5. Three apartments became available in my area
6. Checked them out and picked one of them.
7. Had to wait 10 weeks before I could move in because old apartments get renovated when people move out
8. Finally move in
You won't find a Swede who likes this system.
It's absolute dogshit.
we have this kind of system in municipal level for social living, I mean they are homes built/owned/maintained/rented by the public sector. They are mostly for those people who would be homeless otherwise.
Here everyone uses that system, rich and poor.
My parents had to wait nearly 14 years to get their apartment in a nicer area in Stockholm.
If I think about without my personal ambitions and greed, it might be a good system as well. Because in Helsinki it is just not possible to get an apartment from nice place without millions. Finnish system also creates segregation easily.
>it might be a good system as well
No it's not. There is tons of people who need to move but can't because of this shit system.
My little brother for example is 22, still living at home. He has a gf, a life and a job.
But he can't move simply because there is no apartments available and he doesn't have enough points.
He's probably gonna be stuck with my parents for another 3-4 years unless he takes out a loan and buys a house in the countryside.
This sounds bad.
Your post also opened my eyes a bit more: I have several friends (lived in the city for their entire lives) who have moved to sweden and they all have bought houses outside of stockholm area. It has to do something with the point system, you described.
Yep, by the way Stockholm is the absolute worst area you can move to. Everything is expensive as fuck, including rent and houses.
I live in Dalarna, which is pretty much only small towns and villages. It's nearly 60% cheaper to live here compared to Stockholm.
You're in luck, they just finished building a whole block in Täby, one of the most desirable locations to live. You can purchase an apartment here:
Then you have to choose if you want to go for Sublokation or Substitution. I could elaborate, if you're interested.
This thread makes me depressed
Houses in places like Texas are undervalued af right now and there are hardly any laws constraining the landlord. You'd have to hire a property manager but you might still get a better return there than in Sweden
>barely 10 millions people in a very large and rich country
>no apartments available
Explain how is this possible
Why won't Swedes just build more flats? Why are they so expensive? You have a lot of space and even more money.
My parents bought me a studio flat close to city center when I was moving to Warsaw for university, and it's not something too unusual here.
actually we're building too many flats. the problem is that no one can afford them without taking massive loans. they're all luxury flats.
there's also a strong (and imo irrational) aversion to modernist city planning, which prevents us from building open neighbourhoods like we used to. instead, urban planners are talking about building new dense urban areas. these areas inevitably become expensive as fuck, and contributes to the phenomenom I described above.
this guy is not talking about buying apartments, he's talking about how our rental system works. you don't have to queue to "buy" an apartment.
It's similar to buying stocks, really. Your apartment is usually part of a "hyresgästförening", a housing company.
This is common all over the world, including the US and in Finland, btw: en.wikipedia.org
>hyresgästförening
bostadsrättsförening*
>the price is high because supply is growing too quickly
Read an economics textbook
This is legit
>poor people things
I never thought you faggots needed to pay just so that you can get first dibs on living in a hole in a wall.
They don't want to overcharge people for when your whole nation sinks into the mud.
tfw only been queuing for a year
>This is common all over the world, including the US and in Finland, btw:
It is not the same in here: ”In Finland co-op membership is a common form of real estate and home ownership. Owning an apartment in Finland usually means owning shares in a housing co-op; ownership of a certain set of shares in turn confers the right to use a certain part of the building owned by the co-op.”
Our bostadsaktiebolag also owns the land and all property.
>tfw about to sign up for an apartment after 5 years in queue
To be fair, the student apartment I'm moving out of I got with only 17 months of queue.
>muh economics books that doesn't actually explain shit
The Swede is right. There are luxury apartments and that remain empty and at the same time there is a housing shortage for poor people. So you tell ask me, then, "why aren't the developers catering to the poor people's needs?"
It's because they signed multi million euro contracts to build luxury apartment blocks that were supposed to generate lots of $$$$$$$$ and if they now convert them to house poor people, the value of all that property and all the funds associated with it, with plummet and nobody wants that. They will lose lots of money.
I bet you couldn't learn this stuff by reading your shitty economics book, you faggot.
Read a finance 101 book. The stockholm housing market is heading for a bubble because there isn't enough of small and medium sized apartments and instead people are investing in expensive and oversized apartments. The problem is that the prices of the large apartments are being driven up by overall demand of all housing. When the bubble pops you're going to be left with a lot of people who can't rent or sell their expensive apartments and it's going to hurt.
*
”The Finnish model of the housing co-op was also the basis of the modern U.S. co-ops, as the first cooperative the Finnish Home Building Association in Brooklyn was started in 1918 by Finnish immigrants.[15][16]
”
>in Helsinki it is just not possible to get an apartment from nice place without millions.
Eeeh what the fuck? I've spent the last six years living in the city center and I'm far from rich. You may get few extra square meters for the price if you live on the outskirts.
>ownership of a certain set of shares in turn confers the right to use a certain part of the building owned by the co-op
that _is_ the same thing, your certain part is the public area and your apartment
You own it (the bank does not) and you have enough room for your family?
Lucky you are.
...
And your co-op (bostadsaktiebolag) owns the building and the land?
yes
It developers can't legally make money building apartments that rent for a low rate, that's a failure of local regulation. Affordable market-rate housing can and does exist everywhere in the world where it's legal to build it
>The stockholm housing market is heading for a bubble because there isn't enough of small and medium sized apartments and instead people are investing in expensive and oversized apartments.
And maybe because of the fact swedes loans are those up to 130 years bullet loans, where you only pay the interest.
Thanks.
I need to study more then.
Be more precise on what you mean with family, nice area and house. Two storey buiding with sea view for a family with five kids and two dogs? Yea, might be tough. You and your gf with one kid? No problem if you both have any decent jobs.
300-400k gets you a really nice flat.
I unironically know a guy who was forced to rent out his apartment at reduced rates, and the refugees trashed the place and even started a bonfire inside, since they couldn't use the oven.
>300-400k
Just what normal people have floating around in their bank accounts.
Interesting thread, if somewhat confusing. So if I just want to rent any random apartment for a limited amount of time, I would have to wait in the queue and collect points, or is this only if I want to have Bostadsrätt, or do pretty much all apartments that you can't directly buy fall under Bostadsrätt/point system?
>le failure of regulation
Jesus Christ, you faggots are pathetically stupid.
The developers made a shitty investment. They fucked up and the are reluctant to own up to it, yet, although eventually they will be forced to. It has nothing to do with regulation, you American retard.
Land is finite resource. The market fucked up and misallocated it to luxury apartments.
How was he forced? By whom? How can anyone force him to do something with his private property?
Any apartment you rent you have to stand in queue for yes. Doesn't matter if you only need it for a week or 10 years.
What if you want to rent the apartment you own?
Funny, I didn't stand in any queue for my flat :^)
*I mean do you have to put it to some public list and someone with enough points is the one you are allowed to rent it to?
If he can't rent it out before X time the government can force him to rent it out at a reduced rate
Yes that's the law. Of course not everyone follows this but if you want to avoid problems you should.
And there isn't really any other ways of renting out an apartment here besides doing it through the normal channels which means going through the system.
Good for you, currently waiting for a new place. Been 2 years.
No
You are retarded
Hmm... that’s a weird system.
Don't go with the municipality owned ones, lines there are crazy, much easier to go with a private one instead.
You could always rent out the place second hand (you stand for the original contract) but that's not the same as owning the building/apartment and renting it.
You simply rent it first, then let someone else rent it from you.
How do you collect these points? Do you have separate student housing system?
Trust I've tried them all. I call around several times a week. There is nothing available in my price range, just big 3 and 4 room apartments costing 10k sek and more per month..
Now I am even more confused. I mean if I own the apartment and I’m not paying a rent for it.
You simply "stand in line". The longer you have been in a queue the more points you get.
Some queues give you points per month, others per week.
>socialism
>waiting in line for years to access common goods
>monopoly shops
Sweden is like a rich, modern and bizarre version of Polish People's Republic
alright children
gf is in sweden, RENTING and apartment
theres a site you can register to, and good/popular frequent places will obviously have many ppl wanting them
so theres a points system, where you get points for being a good tenant/being denied
but this is not the only fucking way to get a place!
she works in a hospital and she had multiple choices near göteburg, but they didnt like them so what she did is advertised in a local newspaper while renting for a week with airbnb
guess what, ppl started calling her, and now shes living in a small house on the yard of an old lady, pretty comfy
you all need to fucking start growning up and read less pol bullshit
This point system they are talking about is often used my municipality owned flats, and often you get a point per day. Many private landlords don't use a point system.
Of course there is other places you can get dumbass, we never argued that.
But this thread is about renting apartments and how it works. Nothing else.
Then you can do as you like I guess.
Don't really know how you will advertise the apartments though.
>But this thread is about renting apartments and how it works
This thread was supposed to be how to rent apartments to someone, I guess.
you are all crying like children you dont find places to live
which is bullshit
a, you are too picky
b, you are chlildren and waiting santa sven to throw a flat at you
You don’t have web sites where you can advertise apartments available?
You buy a flat (bostadsrätt) and rent it out second hand, if the bostadsrättsförening allows it.
You can also, sometimes, rent out a hyresrätt second hand.
Oh, so it means you cannot just buy apartments and then rent them to someone?
This, plenty of examples where refugees trash their gubment funded apartment,
No, as when you buy a flat you also join a bostadsrättsförening, and these have rules that can differ from each others
1. Second hand contracts are not binding, you can get kicked out the second the original owner wants you out.
2. Renting property besides apartments is expensive and people can't afford it.
3. Not everyone can live with a room mate.
I've been on the market for nearly 12 years now, I've lived in three second hand contract apartments. It's terrible.
My only other choice is to queue and wait, something I have been doing.
I've had advertised as well, got me nothing. Not a single phone call.
We are the same country, you and I.
Thanks.
shes paying 4k lad, she has no roommate
you must have some undesirable vibe if you cant find something
No like the other user said, when you buy a flat you join a bostadsrättsförening when you buy a flat. This gives you some rights but for the right to rent it out you need their permission and that is not guaranteed.
The only chance you have to rent out apartments without problems and on your terms is if you buy the entire building and own everything.
Not him but you do realize the housing situation differs extremely much between cities in Sweden right?
Here in Norrland I can move next week if I feel like it. In Stockholm it can take 10 years. In some other place it can take longer.
Think a little before you act like you know anything.
and thats not special for sweden, in budapest there are auctions for places because everyone wants to work there, get off your high fucking horse
It's a lot easier for women to get a place to live.
I have ads up on several sites asking for a place to live or a room mate to share with.
3 years, no responds.
I'm a normal guy, work 8-16, don't drink or smoke.
What else could you want?
But nope, nothing.
So I have to wait since I can't move out of town because of my job.
This really destroys my evil plan to expand my empire to sweden.
In Finland you just buy an apartment and you are allowed to rent it (always, because it is your property).
This means while interest rates are lower than profit from renting apartments, it is a smart move to buy apartments and reinvest the profit received from renting to new apartments.
So what are you bitching about then?
That's what I thought. You can't stop someone from just making a rent deal with another person.
>I'm a normal guy, work 8-16, don't drink or smoke.
maybe nobody wants to live with such a fucking boring person lel
the entire thread started out with ohnoes the fugeeeees, i have no place to liiive
some places tax you heavily if you rent out instead of living there for the first years to avoid real estate manipulation
Ok big post coming up.
Let's go with the basics.
Municipality owned = you need to stand in a queue. Point system always active here.
Private landlords = they decide how it works, some don't have queues, some do.
Second hand - you rent an apartment from someone else who rents it from the original landlord, meaning you are the third person on the ladder. This is done outside the point system.
Renting someones guest house or just a room in someones apartment - not in the point system, this is done privately and usually through sites like Blocket.se.
When you buy an apartment/flat you do not actually buy the apartment, you buy a place in the "Bostadsrättsföreningen" who owns/runs the building. You still pay rent, just smaller amount and you can of course sell it later.
If you buy or rent a flat/apartment you will no matter what need the permission from the people who owns the building in the first place to rent out your apartment.
The only way to go around all this is if you ARE the top dog, the owner of said building.
So to make things clear.
If you buy a flat in a house with more flats you can not rent that flat out before you have asked the owners of the entire property for permission.
Thank you very much, user.
i don't even know what the fuck is going on anymore
if it's so hard to find an affordable apartment to rent, how come all young people in Sweden do it?
Because of student flats, second hand and loans. Mostly loans.
Literally every single one of my friends took out huge loans and bought apartments, something they will have to pay off for many, many years.
>slovakiatugal