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Price determinants of the Swedish housing market
University West, School of Business, Economics and IT, Divison of Law, Economics, Statistics and Politics.
University West, School of Business, Economics and IT, Divison of Law, Economics, Statistics and Politics.
2017 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Several studies have been carried out the last decades trying to identify key factors that contribute to the surge in housing prices. Since the deregulation of the Swedish credit market in 1985, the prices have risen more than the CPI and have failed to provide an increased production of real estate. Studies on both domestic market and abroad points out two key variables: GDP and mortgage rates. This study uses an error correction model to find the long run and short term relationship between the variables and prices. The ECM results suggest that the deviation of disequilibrium between housing prices and their fundamentals is corrected over time by roughly 28 per cent per year with GDP and the interest rate as the main influencers in the short term

Abstract [sv]

Flera studier har gjorts de senaste årtionden för att identifiera de faktorer som lett till den höga och långvariga prisutvecklingen för bostäder i Sverige. Efter att den Svenska kreditmarknaden avreglerades 1985 så har priserna ökat mer än inflationen och fram till nyligen inte lett till ökat bostadsbyggande. Studier på såväl den inhemska som de utländska marknaden pekar ut två faktorer, BNP och räntan. Denna studie använder sig av en så kallad Error Correction Model för att hitta såväl långsiktigt som kortsiktigt samband mellan de oberoende variablerna och den beroende variabeln. Resultaten från vår modell påvisar såväl långsiktigt som kortsiktigt samband. Error Correction Termen visar att ungefär 28 procent av ojämnvikten rättas varje år där BNP och räntan är de viktigaste faktorerna.

Place, publisher, year, edition, pages
2017. , p. 19
Keyword [en]
Housing market, Sweden
National Category
Economics
Identifiers
URN: urn:nbn:se:hv:diva-12042Local ID: NAX500OAI: oai:DiVA.org:hv-12042DiVA: diva2:1178878
Subject / course
Nationalekonomi
Educational program
Mäklarekonom
Supervisors
Examiners
Available from: 2018-02-09 Created: 2018-01-31 Last updated: 2018-02-09Bibliographically approved

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf