World

Prime Minister loses trust vote amid housing crisis in Sweden

One week to decide on re-election

Real estate prices have skyrocketed in Sweden during the corona pandemic

Stockholm: Sweden’s Social Democratic Prime Minister Stefan Löfven, who has been in power since 2014, lost a vote of confidence in parliament today. Stefan Löfven has lost a vote of confidence at a time when Sweden is facing a housing crisis and skyrocketing home prices. Lofven is the first Swedish prime minister to lose a vote of confidence.

The motion of trust vote was made by a small left party. The party is part of a minority government. Sweden is calling for deregulation of the housing market. Housing prices in Sweden have skyrocketed during the coronavirus pandemic.

It is worth noting that Sweden has strict rules for renting a house. The purpose of which is to maintain reasonable prices in big cities. It has become difficult for the common people to buy a new house, while on the other hand they have to wait for years for the contract of rented house.

However, the Left party believes that if the rental market is deregulated, rents will rise sharply and the gap between rich and poor will widen. It is not yet known what he will do after leaving office. Prime Minister Stefan Löfven has a week to decide whether to hold the election ahead of time.

Back to top button