Rental Prices & Trends for corporate housing in Stockholm
We have aggregated rental levels for all closed contracts under 2015-2016 in order to present recent data for corporate rental levels in Stockholm. Under 2017, we have kept an eye on these rental statistics and have not seen many changes in pricing. There are several factors that impact corporate housing budgets within large corporations relocating employees to Sweden. For the past few years we have seen the trend of shifting from cushy expat packages to a more lean and mean approach when structuring corporate mobility policies. As a result, the relocated expatriate is quite budget conscious and does look more at the bottom line than before. Housing sales also does effect the rental market in Sweden quite a bit. When the sales market is strong, we often see a diminished supply of rentals on the market as owners want to time their home sale to a flourishing market. However, when the sales market has a downturn we see the opposite happen-our market gets flooded with properties and supply increases significantly. During the fall of 2017, we have seen the latter as the sales market seems to be experiencing a downturn and many sellers are pulling back their listings for sales and instead choosing to rent out their homes.
For apartments in Stockholm, the below rental levels from 2015-2016 are still relevant:
1-bedrooms: 14.437 kr/month
2-bedrooms: 21.158 kr/month
3 bedrooms: 24.500 kr/month
4+-bedrooms: 28.500 kr/month
78% of the closed contract were between companies and landlords. The numbers reflect the budgets we are seeing from the companies when relocating an expatriate to Sweden. We saw slightly higher median rental levels for closed contracts between private individuals and landlords. We believe this phenomenon is due to the popularity of corporate tenants on the market. Hence, they have more bargaining power.