“Against the backdrop of the extremely turbulent times prevailing in society, we have now decided to make this agreement. The increase does not cover all the increased costs but we have nevertheless chosen to agree on this level in order for the tenants to be informed of their upcoming rent and not to face the risk of retroactive rent,” says CEO Hans Wallenstam.

“Our financial stability has afforded us the opportunity to view this year's cost increases over a period of a few years. We all hope that this year’s high inflation is of a temporary nature,” says CEO Hans Wallenstam.

The rent agreement relates to approximately 4,000 apartments in the Stockholm region and will mean rent increases for new production with presumption rent up to 2.6 percent and for other tenants up to 3.8 percent from 1 January 2023. Apart from this, there is an additional monthly charge of SEK 110, which is an addition for inflation to offset some of the cost increases.  

This agreement is outside of the tripartite agreement between the Swedish Property Federation, the Swedish Union of Tenants and Public Housing Sweden.