Brandon Landis was excited to move from Britain five months ago to take a job with a startup in Stockholm. But he was less impressed to find himself homeless in the city’s Central Station. Luckily, he found a kind stranger’s sofa to sleep on during his months-long search for a place to rent.
Yet some are refusing to pack their bags at all, as the city’s entrenched housing shortage reaches new and frustrating heights, putting its reputation as the world’s second-most-prolific tech hub, according to Atomico, at risk. Munich-based CupoNation, for one, had been planning to move to Stockholm, but recently decided to stay in Deutschland to avoid the hassle of finding staff housing or office space in the Swedish capital.
