The Prime Minister lost a vote of confidence amid a housing crisis in Sweden

A week to decide on re-election

Real estate prices have skyrocketed during the Corona epidemic in Sweden

STOCKHOLM: Sweden's Social Democratic Prime Minister Stephen Lofven, who has been in power since 2014, lost a vote of confidence in parliament today. Stephen Lofven has lost a vote of confidence at a time when Sweden is facing a housing crisis and house prices have skyrocketed. Lofven is Sweden's first prime minister to lose a confidence vote.

The vote of confidence was proposed by a small Left party. The party is part of a minority government. Sweden is demanding deregulation of the housing market. Housing prices in Sweden have skyrocketed during the Corona epidemic.

It is worth mentioning that Sweden has strict rules for renting a house. Which aims to maintain reasonable prices in large cities. It has become difficult for ordinary people to buy a new house while on the other hand they have to wait for years for a contract to rent a house.

However, the Left Party believes that if the rental market is deregulated, rents will increase rapidly and the gap between rich and poor will widen. It is unknown at this time what he will do after leaving the post. Prime Minister Stephen Lofven has a week to decide whether to hold early elections.