171 News
Are tenures between owning and renting a solution for those struggling to enter the housing market?
Skyrocketing housing prices mean that those who wish to buy a home - either because they have an explicit wish to own their home or because they do not get access to the rental market – often have to save up large sums for a down payment. This might be a challenge for young people and others with limited savings, such as lone parents, divorcees and pensioners. In a first publication in the Oslo Metropolitan University-led project Strategic Housing, a joint study between Nordregio and KTH looks into Swedish housing models between renting and owning. Two shared ownership and two cooperative rental models are analysed from legal and economic perspectives to see to what extent and subject to what risks these intermediary tenures add to housing opportunities of lower and mid-income groups. Findings indicate that buyers benefitting from the models are mainly medium-income households without large enough savings to buy into the regular housing market. For these households, the concepts might be an opportunity to access housing they could otherwise not aspire to. However, legal and financial literacy among buyers is partly limited, which should be addressed as far as possible by developers going forward. Further, legal considerations in relation to agreements in the shared ownership models and untested new variants of cooperative rental might arise as models are used and tested in the coming years. The obstacles preventing developers from expanding the concepts, mainly access to land and financing, can only be addressed by interested municipalities and financial institutions. An extensive information effort by developers and successful projects are probably needed to move towards recognition and institutionalization of the concepts. The full research paper has been published open access in the Nordic Journal of Urban Studies. Hear Anna Granath Hansson in the radio programme Plånboken on P1 and Bopolpodden.
- 2023 September
- Nordic Region
- Governance
- Urban planning
Urban challenges in the green transition hashed out during Nordregio Forum 2022
How can we use urban planning to create greener, healthier, and more inclusive cities? This was the core question explored on the second day of the annual Nordregio Forum hosted last week in the Innlandet region of Norway. More than 130 Nordic professionals and policymakers came together in the budding town of Hamar, which is known for its stunning bike trials and impressive diving tower in Lake Mjøsa. This proximity to nature is what Erik Vieth Pedersen, Deputy Director General at the Ministry of Local Government and Regional Development, argued citizens value most in a city. “It seems we like to live in cities, but we also long for green spaces,” he said in his opening remarks. Serving people and nature This theme was expanded on by Nordregio Senior Researcher Luciane Aguiar Borges who presented the NORDGREEN project, which looks at how high-quality green spaces in cities can promote equity, health and wellbeing. She noted that urbanisation is a key challenge for public health, and that even before the pandemic around 27% of the adult EU population suffered from mental health problems. “Green public spaces are resources for improving well-being and preventing illnesses, but smart urban planning is the key,” Aguiar Borges explained. One city that has embraced innovative tools for green space planning is Espoo, the second largest city in Finland. With funding through the NORDGREEN project, they have carried out a map-based survey that has reached more than 6,600 Espoo residents, including 2000 children. “We asked them to mark places that are meaningful to them on the map, as well as ideas for development and almost 70,000 marks were made in total,” stated Johanna Palomäki, former Espoo city representative in the project. She explained that together with Aalto University they were able to analyse a significant amount of…
- 2022 November
- Nordic Region
- Green transition
- Urban planning