10/03/2024 | News release | Distributed by Public on 10/03/2024 12:10
Nordic Powerhouse: Stockholm is the capital city of Sweden, the largest country in Scandinavia, on many measures the most developed region in the world.
Our real estate research team has analyzed more than 4,000 cities and identified the top 2% we believe are best positioned to benefit from global megatrends. Stockholm is one of these cities:
Monocle magazine has published its city quality of life survey since 2006. In the latest 2023 ranking Stockholm is the 5th most livable city in the world.
Stockholm is the largest capital city in the Nordics, ahead of Copenhagen, Oslo and Helsinki.
The global security giant Securitas, the fast fashion leader H&M, the EV battery innovator Northvolt, global telecoms provider Ericsson, traditional truck maker Scania, globally operating pharmaceutical AstraZeneca as well as the most popular music app Spotify are at home in Stockholm.
Sveriges Riksbank is the central bank of Sweden. Founded in 1668, it is the world's oldest surviving central bank, and the third oldest bank in continuous operation. While founded as a private bank the Swedish king chose its management before it became a modern central bank in 1897.
The city of Stockholm sits on 14 islands, which are connected by 57 bridges. Each island has its own history and unique characteristics. Beyond the city lies the Stockholm archipelago, which consists of over 30,000 islands, skerries and rocks.
Since 1990, the city's climate impact and greenhouse gas emissions have decreased by more than half, while the city has grown and increased its population significantly during this time. Reduced emissions and increased carbon sequestration should ensure that the city is climate-positive by 2030 and fossil fuel-free by 2040. Also, 80% of Stockholm's heating comes from district heating, which uses local resources such as burnt rubbish or captured excess heat from industrial production or data centers to heat up water and distribute it to everyone connected to the system.