The problem that the residential real estate rental industry in Sweden is facing today is a lack of access to capital from traditional funding channels. The industry is exceptionally capital intensive, which impedes the industry’s ability to solve the tremendous demand for accommodation that exists today. The money certainly exists in Sweden; however, the major banks and other lending institutions have a great share of their capital already invested in the real estate sector.
OLM Real Estate’s allows us to bridge the gap between the flexible market cryptocurrencies and the secure, stable market of properties and housing. Even though are stepping into a more digitalized world with this solution, the core of business remains building affordable, socially, and environmentally sustainable rental apartments financed. However, with the intention of further popularising crypto currencies in Sweden, will establish contracts with service providers.
Features of Olmrealestate
By having a standard model as shown in the drawing below, can make minor adjustments depending on requirements while keeping costs significantly low. Using wood, recyclable materials and solar panels in the construction will enable us to meet the requirements for environmental certification in Sweden. will strive to build smart houses, with features that help people in their everyday lives. Features such being able to remotely lock, set the alarm, handle package and food deliveries.
All houses will feature solar panelling on the roof, lowering their power consumption. In the daytime, when the need for power in the apartments is typically low, the electricity will be sold to an electric company El-Kraft, allowing us to then buy back the electricity from them at a discount in the evening. Due to quality insulation, low energy lightbulbs, and environmentally friendly toilets, faucets, and showers, are able to reduce the cost for heating and water.
Short-term goal is to construct the first rental properties so that have a stable cash-flow and the ability to evaluate how houses can be developed further. will also prepare the documents required for building permit, subsidies and environmental certifications application processes. This allows us to streamline both the building and administrative processes, offering greater efficiency and a strong base upon which to continue to develop OLM Real Estate and its subsidiaries.
long-term goal is to build a minimum of 1,000 apartments per year, thereby becoming an
established player in providing rental properties in Sweden. See business model as
something new and innovative in the real estate industry and due to the great demand, are not overly worried about the competition picking up on ideas. Furthermore, the project is intended to serve as a springboard for the organisation built within the OLM Group to face new challenges within the construction field.
Market research in which have looked at the types of accommodation that are in demand. In research have used Boverket forecasts, SCB and meetings with the authorities of various municipalities. In research, found that accommodation is especially lacking for single household. There is virtually no suitable accommodation available to older people who want to switch from large homes or apartments to accommodation that requires less maintenance and ease of comfort.
Robert Hellgren Successful entrepreneur
Johanna Härdelin experience in the finance and accounting
Håkan Thorsell experience in construction industry
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