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What makes Stockholm such a magnet for international students?

With three world-class universities clustered in the city centre, Stockholm has long been a magnet for young academics from near and far. But now that Karolinska Institutet, KTH Royal Institute of Technology and Stockholm University have entered into an alliance that will highlight the Swedish capital’s position as a hotbed of research, the expectation is that even more students will come to the city from all parts of the world.

What makes Stockholm such a magnet for international students?
Photo: Christopher Hunt/imagebank.sweden.se

The partnership, known as the Stockholm trio university alliance, is meant to increase collaboration between the three universities and enhance each of their unique areas of expertise – but perhaps even more so to burnish Stockholm’s image as both a mecca for higher education and a city full of opportunities for internationals, both during their studies and after. 

The Local spoke to an international student at each university and discovered that while the reasons they chose Stockholm were diverse, their views on life in the city were quite similar – with one notable exception. 

“Midway point” between Delhi and Uppsala

For 18-year-old Karolinska Institutet student Inika Prasad, Stockholm is an interesting contrast to Delhi, India, where she lived until her family relocated to Uppsala three years ago. 

“I like the atmosphere here in terms of the people who surround me; there are certain aspects of daily life here that are really nice,” Prasad tells The Local. “For example, the air quality here and women’s safety is also very high. This is one of the best places for both gender equality and general safety too.”

Prasad says that Stockholm is a good “midway point” between her two previous homes because “it is a buzzing city, but not as busy as Delhi and not as calm as Uppsala”. She was drawn to Karolinska Institutet because of its strong reputation in her chosen field. She is in her first year of pursuing a bachelor’s degree in biomedicine and said the university’s location makes it ideal for learning. 

“Karolinska Institutet is right by the Karolinska University Hospital and the SciLifeLab so it’s really a hub for medicine and biomedicine. I have an internship at SciLifeLab right now and that’s super interesting and you can really tell that the research environment is just really strong here when it comes to resources and funding,” she says. 

In addition to citing Stockholm’s public transport system and infrastructure, Prasad points to a somewhat surprising reason for liking the city. 

“The weather here is really nice. People get scared of the winter, but I’ve come to really enjoy it and I love ice skating! It actually gets much colder in Uppsala, so this almost feels warm,” she says. 

“A way of living more suited to me”

Prasad’s enthusiasm on that front isn’t exactly shared by Katerina Kallivrousi, a 23-year-old from Athens, Greece pursuing her master’s in management at Stockholm University (SU). 

“I struggle a bit with the darkness and the weather. Moving here from Greece, this kind of weather is hard to adapt to,” Kallivrousi says with a resigned laugh. 

Although she only moved to Sweden three months ago, Kallivrousi has already learned that life in Stockholm is about much more than the less-than-optimal weather. 

“I really love the nature and just the whole vibe of the city. People here are really kind and open-minded,” she said. “I’m interested in music and Stockholm is a great city for that. I go to a lot of live shows and the music scene here is really good with a lot of options.”

She’s also already begun to adapt to a different daily routine than what she’s used to from home. 

“The hours here are a lot different than they are back in Athens. Here in Stockholm, people are at home by 7pm, whereas in Athens that would be the time we’d head out for coffee before eating dinner around 10pm – which is when most people in Stockholm are going to bed!” she said. “But actually, the way of living here is much more suited to me. It helps me concentrate and focus on what I’m doing. It’s a more organized way of living.”

Kallivrousi was drawn to Stockholm in part because her cousin was already there studying at Stockholm University and her aunt and father both later relocated to the Swedish capital. 

“I did some research on university rankings in Europe for management degrees and discovered that Stockholm was one of the best business schools in Europe, and since I already had family there, I thought ‘why not?’. This programme is perfect for me,” she said. 

Coming to Stockholm with some familiarity with both the city and the Swedish language has paid off, Kallivrousi says. 

“It definitely makes my life easier that I know the language a bit. It makes it much easier for me to get closer to people. Some of my international classmates who don’t have a grasp on the language have a harder time, I think,” says Kallivrousi. “It’s not that the Swedes don’t accept them, it’s more that internationals are naturally drawn to each other.” 

“Swedes are more open than I thought they’d be”

That’s something Andrés Toledo can attest to. The 29-year-old came to KTH from Mexico City knowing little about Stockholm. In his first three months there, he’s primarily bonded with other internationals, both classmates at KTH and flat mates at his nearby apartment. He has made a handful of Swedish friends and he’s confident that will improve along with his Swedish skills, which he admits “suck” for the time being. 

Toledo was drawn to KTH for its master’s in machine learning, something he decided to pursue after working for five years in the automotive industry back home in Mexico. 

“I knew I wanted a master’s degree in something related to data,” he said. “Machine learning and AI are sort of new trendy subjects, so I started searching for options and KTH stood out from the rest.”

When it comes to the weather, he sides more with Kallivrousi than Prasad but is really looking forward to the spring when he plans to buy a bike and explore more of the city. 

“I’ve always loved cities that are surrounded by water or that have some sort of waterfront and there’s water everywhere in Stockholm. I’m a little more used to seeing mountains on the horizon but I think the nature here is very beautiful and I like it a lot,” Toledo said. “Plus, the city is really well-structured so it’s easy to get around. Everything just seems to work here.” 

He said that Swedes have failed to live up to his expectations, but in a good way. 

“My impression was that Scandinavian people keep to themselves a lot and have a wider perspective on personal space than we have in Latin America but people here so far have been really friendly. They’re definitely more open than I thought they’d be,” he said. 

All three of the students said they have found the people of Stockholm to be hospitable and open-minded, and none has experienced any real difficulties fitting in.

“Everyone has been really welcoming and I haven’t experienced anything negative at all. On the other hand, if they said something rude in Swedish I wouldn’t understand them anyway!” Toledo jokes. 

All three also say that, although their future plans are still a bit up in the air, they are considering staying in Stockholm after they finish their programmes. Kallivrousi was the most definitive, saying she “definitely” wants to remain. 

“It’s both because I really like the city and because I can see that there are a lot of job opportunities here,” she says. 

Do you want to make the move to Stockholm? Click here to find out how.

This article was produced by The Local Creative Studio in partnership with Invest Stockholm.

 
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PROPERTY

Should you buy a home in Sweden this summer?

Considering the fickle trends in the Swedish housing market, prospective homebuyers might find themselves at a crossroads this summer.

Should you buy a home in Sweden this summer?

After a period of falling prices driven by increased interest rates, the Swedish housing market is seeing a rebound, particularly in the biggest cities.

However, it’s also taking longer to finalise home sales.

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Recent data from Swedish property listings site Hemnet indicates that while home sales – and housing prices – are on the rise, the time to complete transactions has notably increased.

For instance, the average sale time for an apartment in Sweden increased to 27 days in the first half of the year, up from 22 days during the same period last year. Similarly, houses now take an average of 31 days to sell, compared to 30 days previously.

The slowest market is in the Gävleborg region, where it takes an average of 44 days to sell a home. The fastest transactions occur in Stockholm, with apartments selling in just 16 days and detached homes in 23 days.

This variation in market activity across the country calls for a deeper look into where the best opportunities might lie for homebuyers this summer.

Renewed market confidence in Sweden’s biggest cities

The confidence in the Swedish property market is on its way up in Stockholm, Gothenburg, and Malmö, Erik Holmberg, a market analyst at Hemnet, told The Local.

“I would say that we have seen a weaker market in the last couple of years, almost everywhere in the country, since the Swedish central bank started to increase the interest policy rate, which affected the market a lot,” he said.

“But in the last half of the year or rather in the last year, the confidence has come back in bigger cities – in Stockholm, Gothenburg, Malmö… When we look at price developments last year, in three of Sweden’s biggest cities, we see prices increasing again.”

However, the analyst warned that the opposite is currently true in other areas of the country, which have seen a continued decrease in market activity and flatter developments in the same time interval.

A new trend emerging in Stockholm?

As Hemnet’s analyst explained, in Sweden, housing market trends usually start in Stockholm, when the market begins to change, causing a ripple effect.

“And that’s what we have seen. Now, market activity and prices are increasing again in the bigger cities. Usually, when the market changes, other areas in the country follow, and that could be the case now,” said Holmberg.

“When the rates and inflation situation become clearer, other parts of the country might follow the market in the big cities. Our main scenario is that we will see this spread,” he said, adding that prices in Stockholm have picked up quite fast in the last year but that the demand is still affected by the high interest rates.

“I wouldn’t be surprised if we saw swift price developments in some areas with the highest demand, such as city centres.”

The effect on the rental market

Another aspect to consider is the rental market, which could see significant changes in the short to mid-term.

Holmberg pointed out that properties which fail to sell might enter the rental market.

“What we’ve seen is that it’s harder to sell properties today, so, probably, more people who own homes and can’t sell them will put these unsold homes on the market for a while. This could affect the supply of apartments for rent and, in turn, prices,” the analyst said.

INTERVIEW:

What different types of homebuyers should know

For buyers, the current market presents a mixed bag.

“In Sweden, we often talk of having a seller’s or buyer’s market. Today, it’s good for buyers that they have a lot to choose from; there’s a record-high supply almost everywhere in the country. That means it’s easy to find something,” said Holmberg.

However, he also cautioned that the slow market makes agreeing on terms with sellers challenging, with sales times at record highs.

“Sales take some time in today’s market, and that’s important to understand for both sellers and buyers, especially for homeowners who are changing homes, meaning they’re both buying and selling something; it’s a tough market for them.

“Today, this group often chooses to sell their home before they buy something new. That makes up a big part of record high sales times; we have people waiting for the right bid before moving from the selling to the buying side…” Holmberg said, noting that the market is different compared to two to three years ago when it was “very hot”.

“So, remember that even if prices grow, it’s still a tough or slow market.”

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On the other hand, first-time buyers might find a silver lining in the form of lower prices compared to a couple of years ago, making it a potentially favourable time to enter the Swedish housing market.

“First-time buyers are in another situation, which may be better because the prices are lower than two years ago, of course, and if you’re just buying something, you don’t need to worry about the selling part,” Holmberg told The Local.

“That’s why this could be a good situation to enter the housing market this summer, but even so, despite supply being really high, it could still be tough because many sellers have put down a listed price but don’t necessarily plan to sell at this price.”

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