In a revealing assessment of the housing situation of young adults in Sweden, Hyresgästföreningens annual report has indicated an alarming rise in the number of individuals still living with their parents. The data suggests that nearly one-third of the participants are grappling with concerns about securing independent housing in the future.
Unfolding the Housing Crisis
Since 1997, Hyresgästföreningens has been conducting biennial surveys to shed light on the living conditions, housing preferences, and the impact of the housing market on the future prospects of young adults aged 20-27. The findings of the recent report are stark and demand immediate attention. The proportion of young adults residing with their parents has witnessed a significant leap from 15% in 1997 to 26% in 2023, with the highest percentage of 34% recorded in Stockholm County.
Ola Palmgren, the vice-chairperson of Hyresgästföreningen, emphasized the importance of independent housing for young adults' transition into adult life. He stated that housing availability significantly influences various life aspects, including education, employment, and overall well-being.
The Involuntary Homestay
Out of the estimated 250,000 young adults living with their parents, a staggering 77% are doing so involuntarily. The survey revealed substantial differences based on civil status. Single adults portray a lower rate of independent living (55%) compared to those with a partner (83%).
Moreover, the cost of housing continues to surge, with young adults paying an average of 5,395 kronor per month, up from 4,404 kronor the previous year. This escalating cost is creating a significant barrier to independent living.
Housing Market: A Cause for Concern
The housing market's condition, which 35% of respondents described as 'very difficult', is causing hesitation among young adults to start families and inciting fears of not finding future housing. The report suggests that despite a recent high rate of housing construction, the number of young adults living involuntarily at home is growing.
The current economic downturn, which has led to a halt in new construction, threatens to exacerbate the situation further. Palmgren urged politicians to take action to prevent the exacerbation of these issues and avoid disillusioning an entire generation.