High house prices and homeownership rates
Earlier research have concluded that high house prices, relative to household income and wealth, and a tax on imputed rent are the most important causes of a countries low ownership rate. Given these findings, it is challenging to apply a similar analysis to a housing market characterized by comparatively high homeownership rates. One candidate for such a comparison is Sweden, where homeownership rates have exceeded 80% for at least the last two decades. From a particularly rich database covering all inhabitants of Sweden, we use observations of some 790,000 households (corresponding to some 2.9 million inhabitants) to analyze the Stockholm region housing market in 2008. The results suggest that high house prices relative to rents are unlikely to be the only key variable explaining the general ownership rate pattern in a housing market.
|Date of creation:||22 May 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.kth.se/en/abe/inst/fob
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hhs:kthrec:2013_008. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Herman Donner)
If references are entirely missing, you can add them using this form.