Housing Cooperatives in Sweden: The Effects of Financial Deregulation
AbstractThe article focuses on transaction prices for recent movers in cooperative dwellings during the period 19980-1993. Prices increased by 80% in real terms up to 1990, then fell by 35% between 1990 and 1993. A hedonic analysis is used to analyze the impact of changing macroeconomics and financial deregulation. which took place in 1985, seems to have caused increased loan-to-value ratios on the cooperative housing market. Using 1983 as a point of reference, a Tobit analysis reveals that the average LTV ratio in 1990 was 20% higher that year. After 1990 the LTV ratio fell by 45% due to credit constraints. Copyright 1997 by Kluwer Academic Publishers
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Bibliographic InfoArticle provided by Springer in its journal Journal of Real Estate Finance & Economics.
Volume (Year): 15 (1997)
Issue (Month): 2 (October)
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Web page: http://www.springerlink.com/link.asp?id=102945
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- Hjalmarsson, Erik & Hjalmarsson, Randi, 2006.
"Efficiency In Housing Markets: Do Home Buyers Know How To Discount?,"
Working Papers in Economics
232, University of Gothenburg, Department of Economics.
- Erik Hjalmarsson & Randi Hjalmarsson, 2006. "Efficiency in housing markets: do home buyers know how to discount?," International Finance Discussion Papers 879, Board of Governors of the Federal Reserve System (U.S.).
- Jie Chen, 2013. "Housing tenure, residential mobility and adolescents’ education achievement: evidence from Sweden," The Annals of Regional Science, Springer, vol. 50(1), pages 275-294, February.
- Hjalmarsson, Erik & Hjalmarsson, Randi, 2009. "Efficiency in housing markets: Which home buyers know how to discount?," Journal of Banking & Finance, Elsevier, vol. 33(11), pages 2150-2163, November.
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