10,000 fewer homes – Nacka breaks the subway agreement

#homes #Nacka #breaks #subway #agreement

Despite 40 percent unsold apartments in the newly built BRF Kulturtrappan on Nobelberget, Atrium Ljungberg continues to build Wood City next door. “We believe in this,” says Linda Wiman, Atrium Ljungberg’s business development manager for housing.

Pekka Pääkkö

Several newly built homes in Nacka are empty. Now the municipality is warning that almost 10,000 fewer homes will be built until 2040. A halving compared to last year’s forecast.

Albin Dahlgren, 27, looks out from the balcony towards Sickla köpkvarter and Atlas Copco.

On the windowsill are spirit levels and screwdrivers. The apartment still smells new. In February, he moved into the second 44-square-meter apartment on Noberlbergsgatan that Atrium Ljungberg has built.

In the stairwell, five of the mailboxes are missing nameplates, 39 of the association’s 93 apartments are still not sold. Everything from one-bedroom apartments of 27 square meters for just over SEK 2.7 million to a five-room attic apartment of 122 square meters for close to SEK 13 million.

Albin Dahlgren still notices that the neighbors are getting more and more.

– I see a few removal trucks and the balconies are starting to fill up a bit. But the building below is empty, unfortunately. Even though they have a very good sun position.

Albin Dahlgren has previously worked at Nobelberget. His new apartment is on the same site as the concert hall that closed in 2018. “It’s pretty scrapped. It is a bit difficult to prove that it existed,” he says.

Pekka Pääkkö

Postponed construction starts

The trend is noticeable throughout the country and in several places in the municipality.

Nacka municipality’s latest forecast shows that housing construction here will be halved between 2024 and 2040 compared to last year’s forecast. A reduction of almost 10,000 homes.

Wallenstam, who builds rental apartments in several places in Nacka, admits that times are challenging.

“We do a careful analysis before each construction start and in some cases planned construction starts have been postponed, but we hope to be able to start construction on a few more tenancy projects during the year,” writes Wallenstam’s communications director Elisabeth Vansvik in an email to Mitt i.

But the company continues to build on the first block around the new Älta center of 191 rental apartments, but also the 169 rental properties in Nacka Grace in Central Nacka.

“These projects are proceeding according to plan and leasing will start in the spring,” she writes.

In the first block in the new Älta center, Wallenstam is building 191 apartments and around 5,000 square meters. A total of around 950 homes will be built.

Johan Kristensen

Reduced prices

In Ältadalen, Ikano is waiting to build more townhouses. At the same time, the four future buyers of a brf terraced house will receive a SEK 250,000 discount. Only five of 23 townhouses between 109 and 122 square meters are booked.

Next door, Bonava has completed its last stage, the Syrenen block, and lowered the prices of the villas by at least SEK 1 million, 9 out of 22 villas are still unsold.

At Sicklavallen, where 200 homes are planned, Bonava was close to dropping out, but received a 20 percent discount – equivalent to SEK 110 million – from the municipality.

“Believe in this”

On Nobelberget, Artium Ljungberg chooses a different path.

Despite the fact that nearly 40 percent of the apartments are unsold in the latest block, excavators rumble behind the construction fence about thirty meters from Alblin Dahlgren’s balcony. Explosions from both the subway and the house construction shake the apartment from time to time. A brilliant yellow lifting crane rises higher than the new association’s three buildings of between five and six floors.

– We are starting the next housing project, which is block 7. It is the starting point for Wood City with 2,000 homes and 7,000 workplaces. We believe in the market, says Linda Wiman, Atrium Ljungberg’s business development manager for housing.

Are you doing any price reductions?

– We have no plans for price reductions and we are starting the next stage exactly as planned. We believe in this, says Linda Wiman.

In the midst of have sought Bonava and Ikano residence for comments.

The people of Nack must pay SEK 950 million for the subway. In addition, the municipality has lent 333 million kroner to make the construction a reality. The loaned money will be repaid faster if the municipality builds as many homes as promised in the agreement on the new subway with the state, Region Stockholm, the city of Stockholm, Solna and Järfälla.

– It is doubtful whether Nacka will live up to the commitments we have for 2035 and 2040. But Stockholm, Järfälla and Solna probably won’t either. It is a new era considering that we have a lower population growth both in the state and the county and in these municipalities, says Nacka’s finance director Christer Lindberg.

What are the financial consequences for the municipality?

– If we get fewer residents, we get less tax revenue. On the other hand, we get fewer children who need preschool and school. So it’s a zero sum game. But it is important to plan correctly so that we do not end up with empty premises in the wrong place.

He says that schools may need to be converted into nursing homes.

– We continue to grow very strongly in the ages 65-plus and 80-plus, our need will increase a lot in home care, elderly care and partially LSS. While we stand more still in preschool and primary school. We may have to re-plan and do puzzles on the local side – if possible. Sometimes it works and sometimes it doesn’t.

Municipal councilor Mats Gerdau (M) sees the slower pace of construction as a major problem.

– We get the money back, but three to five years later. There will be increased interest costs for the municipality during those years. We get to borrow that money instead. SEK 333 million is really a lot of money, but the municipality made a surplus of SEK 550 million last year to put it in relation to something.

What does that mean in a time when it’s still tough financially?

– We get to discuss with the other parties in the subway agreement. When you see that it so strongly affects regions and municipalities such as the city of Stockholm, Solna and Järfälla.

This is how housing construction collapses

Nacka municipality’s forecast for the number of built homes in each year (2023 forecast in brackets):

2024: 639 (836).

2025: 850 (1240).

2026: 506 (1287).

2027: 529 (1489).

2028: 690 (1550).

2029: 789 (1588).

2030: 744 (1557) .

2031: 641 (1637) .

2032: 573 (1558) .

2033: 644 (1568).

2034: 737 (1378).

2035: 924 (1213) .

2036: 786 (926).

2037: 630 (908).

2038: 777 (980).

2039: 747(892).

2040: 747 (913).

Total: 11,953 (21,520).

Source: Nacka municipality.

Housing gives money back

SEK 333 million that Nacka has lent for the subway construction will be repaid in proportion to how many homes the municipality builds at the subway stations on Sicklaön:

In 2030, SEK 165.5 million will be paid back if Nacka has built 8,200 homes.

In 2035, an additional SEK 100 million will be paid back if Nacka has built 11,300 homes.

In 2040, an additional SEK 66.5 million will be paid back if Nacka has built 13,500 new homes.

In 2040, all SEK 333 million will be paid back, regardless of how many homes have been built.

Source: Stockholm negotiations.