Condominium is a customary tenure in many European countries and even among
our Nordic neighbors, Denmark and Norway. But in Sweden, the apartment owner was
introduced as recently on May 2009.
A condominium is based on the three-dimensional property and is best described as
a "townhouse on the height" in other words; it gives the householder of this kind, a land
registration and pledge letter, like a house-owner. In addition, you can use condominium to
either sell- or rent to whomever you want and how long you want, without the consent of
The development of condominiums has been slow since the introduction into the
Swedish housing market. Contractors and real estate agents, who either construct - or
convey ownership condominiums, say that the reason for the slow start into the housing
market is because of the public's lack of knowledge of tenure. Banks and insurance
companies are wary of credit for something that is new in the "market". Even the socalled
use-value rent, which is designed to prevent the ”usury rents” to be exploited,
it prevents to a large extent also condos and developments in the housing market.
Condominium is a good tenure form for housing in Sweden. Condominium should be
considered as an additional option to tenant, not as a substitute.
Sveriges Byggindustrier, BI, believes that a major advantage of owning the apartment is
lost due to the usual value of the rent that we have in Sweden. They believe that a free rent
setting among other things, would increase incentives to build more condos.