Bostadsmarknaden har under lång tid sett en kraftig prisuppgång, inte minst i Stockholm.Priset på bostäder är något som påverkar nästan alla i samhället och diskuteras flitigt. Attförstå vad som påverkar priset på en bostad är inte helt lätt, men är mycket viktigt för att somkonsument kunna göra informerade beslut när det kommer till att köpa eller sälja en bostad.Det finns en mängd olika omständigheter, såsom makro-, mikro- och objektsspecifika faktorersom kan ha en effekt på priset av en bostad. Den här studien fokuserar på att öka kunskapen om hur objektspecifika faktorer påverkarslutpriset på en bostadsrätt genom att tillämpa och utvärdera den hedoniskavärderingsmetoden. En bostadsrätt kan ses som en kombination av olika delegenskaper somtillsammans utgör bostadsrättens helhet. För att kunna studera objektsspecifika faktorerseffekt på slutpriset av bostadsrätter används den hedoniska metoden, vilket bygger påregressionsanalyser för att implicit härleda de olika attributens påverkan på slutpriset. Efter attha statistiskt validerat och jämfört modellerna med tidigare studier blev resultat avutvärderingen att den hedoniska värderingsmetoden är ett tillförlitligt verktyg för att prissättaobjektspecifika attribut på bostadsrätter. Undersökningen har gjorts på bostadsrätter såldainom Stockholms innerstad under året 2020 där totalt 4 797 objekt studerades.Studien har kommit fram till att en bostadsrätts boyta var den egenskap som hade störstpåverkan på slutpriset under 2020. Vidare påvisades att bostadsrättens läge har en stor effektpå dess pris, där stadsdelarna Östermalm och Norrmalm / Gamla Stan genererade ett högrepris än övriga stadsdelar. Även byggnadsåret för bostadsrätten visade sig ha en signifikanteffekt på priset. Enligt resultatet värdesätter köpare äldre lägenhetshus högre än nyare.Framför allt visade det sig att konsumenter var villiga att betala ett högre pris för bostadsrätterbyggda innan 1920. Våningsplan, balkong och antal rum uppvisade också en positiv påverkanpå slutpriset, även om påverkan inte var lika stor som för boyta, läge och byggnadsår.Avgiften för en bostadsrätt visade sig ha en klart negativ effekt på slutpriset. Bostadsrättermed en hög avgift genererade ett lägre slutpris än bostadsrätter med en låg avgift, allt annatlika. Med andra ord uppvisades en tydlig preferens för bostadsrätter med låga avgifter. / For a long the housing market has time seen a sharp rise in prices, not least in Stockholm. Theprice of housing is something that affects almost everyone in society and is widely discussed.Understanding what affects the price of a home is not entirely easy but very important for aconsumer to be able to make informed decisions when it comes to buying or selling a home.Of course, there are a variety of circumstances, such as macro-, micro-, and object-specificfactors that influence the price of a home. This study focuses on increasing the knowledge of how the object-specific factors affect thefinal price of a home. This paper was conducted on condominiums sold in Stockholm's innercity during the year 2020, where a total of 4,797 observations were studied. A condominiumcan be viewed a combination of different attributes that make up the condominium as awhole. In order to be able to study the effect of object-specific factors on the final price ofcondominiums, a hedonic method has been used. The hedonic method is based on regressionanalyzes to implicitly derive the influence of the various attributes on the final price. What the study has concluded is that the most important characteristic of a condominium toexplain the final price is its living space. Furthermore, it was shown that the location of thecondominium has a large effect on its price, the districts Östermalm and Norrmalm / GamlaStan generated a higher price than other districts included in the study. The construction yearof the apartment building also proved to have a significant effect on the price. According tothe results, buyers value older apartment buildings higher than newer ones. Above all, itturned out that consumers were willing to pay a higher price for apartments built before 1919.Floor plan, balcony, and the number of rooms also showed a positive impact on the finalprice. The monthly fee for a condominium turned out to have a clear negative effect on the finalprice. Condominiums with a high fee generated a lower final price than for those with a lowfee all other things being equal. A clear preference for condominiums with low fees becameapparent.

Housing researchers are aware of the lower homeownership rates and other housing problems of single women but there is very little research focusing on single women homeowners or the characteristics of the housing they buy. Also, since a wide body of research can be found that examines determinants of homeownership for various population groups, the importance of this study was in its focus on single women homeowners and the characteristics of their housing rather than the determinants of ownership for this group. Using data from the 1993 American Housing Survey (AHS), the study sample consisted of 639 women homeowners who were either widowed, divorced, separated, or never-married, and who did not own their previous residence. The study's purpose was to construct a profile of single women home- owners that included a description of their demographic and housing characteristics, the means by which they acquired their homes, and the changes made in their housing when they became homeowners. Additionally, this study examined which demographic and previous housing characteristics of this group were related to the housing characteristics of their present homes. Descriptive results from this study suggested that single women homeowners are primarily middle aged without young children at home, earn moderate incomes, and that the largest proportion of them live in the South and metropolitan areas. When compared to homeowners in general, single women homeowners' homes cost less and represented a higher proportion of attached and mobile home units. The results also showed that single women used low-down payment financing instruments to a lesser degree than did all homeowners. Results from statistical analyses suggested that significant relationships exist between single women homeowners' housing characteristics, and a) their demographic characteristics, b) their previous housing characteristics, and c) their reasons for moving and selecting their current homes and neighborhoods. Another key finding was that single women homeowners of varying marital status differed in their present and previous housing characteristics and their reasons for selecting the current home. The results of this study support suggestions made by other researchers that examining differences not only by gender but also by the variations in marital status will help to clarify and add to the knowledge of housing and its relevance to populations of varying social composition. / Ph. D.

Recent hurricanes have made it clear that housing is the single greatest component of all losses in terms of economic value and buildings damaged. Housing damage resulting from floods has increased in the United States, despite local, state and federal encouragement to mitigate flood hazards and regulate development in flood-prone areas (Atreya, 2013). The two primary causes of these increased costs are: (1) a rise in the occurrence and strength of the extreme weather events, and (2) increased development and value of property in physically vulnerable areas. The overlap of the above two factors resulted in tremendous losses of property in Staten Island and other coastal communities along the Atlantic Coast. Hurricane Sandy was a reminder of how vulnerable such areas could be. After hurricane Sandy, damaged properties experienced higher than usual housing sales and changed property values. This research, seeks to improve the current state of knowledge about housing market following a major disaster through examining single-family housing sales and prices in Staten Island, New York. The housing price recovery rate was much slower for the properties that sustained damage, and the impacts lasted for at least four years after the storm. Researchers studying housing recovery have utilized a variety of indicators like financial characteristics, government policies, social parameters, damage, housing characteristics, etc. to capture the dimensions of recovery. In Sandy's case damage was the major influencing parameter, and it completely changed the housing dynamics of the affected coastal regions. Housing market, in terms of damage, restoration, and recovery, is a fundamental indicator of disaster resilience. Every community is different and so are the effects of disasters on residential markets. This study clearly highlights this point and underscores the importance of using contextual methods and data sets in conducting the research. / Master of Urban and Regional Planning / Recent hurricanes have made it clear that housing is the single greatest component of all losses in terms of economic value and buildings damaged. Housing damage resulting from floods has increased in the United States, despite local, state and federal encouragement to mitigate flood hazards and regulate development in flood-prone areas (Atreya, 2013). The two primary causes of these increased costs are: (1) a rise in the occurrence and strength of the extreme weather events, and (2) increased development and value of property in physically vulnerable areas. The overlap of the above two factors resulted in tremendous losses of property in Staten Island and other coastal communities along the Atlantic Coast. Hurricane Sandy was a reminder of how vulnerable such areas could be. After hurricane Sandy, damaged properties experienced higher than usual housing sales and changed property values. This research, seeks to improve the current state of knowledge about housing market following a major disaster through examining single-family housing sales and prices in Staten Island, New York. The housing price recovery rate was much slower for the properties that sustained damage, and the impacts lasted for at least four years after the storm. Researchers studying housing recovery have utilized a variety of indicators like financial characteristics, government policies, social parameters, damage, housing characteristics, etc. to capture the dimensions of recovery. In Sandy’s case damage was the major influencing parameter, and it completely changed the housing dynamics of the affected coastal regions. Housing market, in terms of damage, restoration, and recovery, is a fundamental indicator of disaster resilience. Every community is different and so are the effects of disasters on residential markets. This study clearly highlights this point and underscores the importance of using contextual methods and datasets in conducting the research.

This study analyzes the market share of the top 10 home builders in nine Metropolitan Statistical Areas, along with fourteen other independent variables, to find a statistical relationship with median home sales price. Through a stepwise regression of the independent variables it is determined that there is no correlation between median home sale price and market share of the top 10 home builders. In the stepwise regression two variables are found to be correlated to median homes sales price: Owner Occupancy Percentage and Residential Construction Wages, a data point compiled for this study. A linear regression is run between market share of the top 10 and median home sale price and no correlation is found. / Master of Science

Households generally have little or no possibility to unload their real estate risk, which constitutes a large part of  their total portfolio risk. The aim of this study is to analyze a way for households to unload this risk through a socalled index-linked mortgage financed by a fund. The study examines how such a mortgage could be structured, and how it will affect  he bank, the borrower and the fund investor compared to a conventional mortgage. The ominal loan value and therefore also the interest payments of the studied index-linked  ortgage will vary according to the HOX Flats Stockholm Index. Through linear optimization, the structure is optimized from a borrower’s perspective but is subject to a set of constraints on the bank’s and the fund’s profitability and risk levels. The optimal structure is tested through a scenario analysis for different outcomes of apartment price developments and also  hrough a sensitivity analysis to test the effect of shifting conventional mortgage rates. The esults show that the interest rate payment burden will consistently be lower for the index-linked mortgage than for the conventional mortgage. The borrower is insured against house price drops but have to give up some of the upside potential on the property investment if house prices increase. The fund gets a satisfactory payoff in relation to the real estate  arket movement while it is somewhat protected when house prices decline. The bank issuing the mortgages will always experience a profit, but the conventional mortgage is more profitable  or negative index scenarios. Furthermore, the probability of default decreases for the index- inked mortgage holder when prices drop as the loan to value ratio (LTV) always remains  elow 100 percent for index decreases up to 40 percent. The structure is appropriate for  owincome households who will have difficulties paying back the loan when apartment prices  rops. This study contributes to theory in hedging of real estate risk, mortgage risk and  inancial innovation. / Hushåll har generellt få möjligheter att försäkra sig mot husprisrisk som idag utgör en stor del av hushållens totala portföljrisk. Denna studie undersöker en möjlighet för hushåll att försäkra sig mot sådan risk genom ett så kallat index-länkat bolån som finansieras genom en fond. Studien kontrollerar hur ett index-länkat lån kan struktureras och hur det påverkar banken, låntagaren och fondinvesteraren i jämförelse med ett traditionellt bolån. Lånets nominella värde och därmed även räntebetalningarna som är kopplade till lånet varierar enligt förändringar i HOX Flats Stockholm Index. Lånestrukturen optimerats genom linjär optimering med hänsyn till låntagarens lönsamhet och med bivillkor på bankens och fondens risktagande respektive lönsamhet. Den optimerade strukturen testas genom scenarioanalys för olika utfall av lägenhetsprisutveckling samt genom en känslighetsanalys av den  raditionella bolåneräntan. Resultaten visar att den månatliga betalningsbördan för räntebetalningarna alltid kommer att vara lägre för hushåll som håller ett index-länkade bolånet än för de som innehar ett vanligt lån. Det index-länkade lånet innebär att bolånetagare får ge upp en viss del av vinsten då bostadspriser stiger i förhållande till ett vanligt bolån men ger ett skydd mot förluster vid en nedgång i bostadspriser. Fonden visar sig kunna ge en god avkastning i relation till indexets utveckling och ger ett visst skydd mot fall i bostadsmarknaden. Banken som ger ut indexlänkade bolån kommer alltid att gå med vinst, dock är vanliga bolån mer lönsamma vid nedgång i huspriser. Fortsättningsvis minskar risken att ”defaulta” för hushåll med det index-länkade bolånet då huspriser faller eftersom strukturen innebär ett loan to value ratio (LTV) under 100 procent upp till en prisnedgång på 40 procent. Resultatet visar att index-länkade lån passar låginkomsttagare och hushåll som ommer att ha svårt att betala tillbaka sitt lån om bostadspriserna faller. Studien bidrar till teori inom husprisriskförsäkring samt till teori inom finansiell innovation

The purpose of this thesis is to analyze the emerging global trend of micro apartments to find out if it provides a potential solution for the severe shortage of small, affordable apartments in Stockholm.  As the concept is already a researched area in foreign real estate markets, the lack of research on the demand for micro apartments in Stockholm despite the highest rate of single households and rising housing prices was identified as a research gap.  The aim of the research is to identify the most significant opportunities, risks and obstacles of the micro housing concept applied for the Stockholm market as well as estimating a range of potential demand for varying economic scenarios.  The approach of the research was to conduct empirical studies in the form of interviews with experts in the field and conduct a survey measuring consumer preferences. Furthermore, secondary data was collected in the form of statistical data and extensive literature on the existing research on micro housing in foreign markets, characteristics of the Stockholm housing market and economic outlooks for the region. These findings allowed us to make forecasts for the housing market in Stockholm and estimate the future demand for micro units. The calculations were limited to the ownership market in Stockholm municipality and focusing on a specific target group.  The results were a demand in the most likely economic scenario of 300-400 units in the short term (specified as 2018-2021) and range of 150-250 units in the medium term (specified as 2022-2028).  The originality and the value of the paper lies in collection of opportunities, risks and obstacles of the micro housing concept specifically for Stockholm from the perspectives of multiple actors on the housing market, in addition to providing practical recommendations for developers, the municipality and researchers based on the extensive analysis and also providing a model to estimate the future demand for this housing solution. / Syftet med uppsatsen är att analysera den växande globala trenden av mikrolägenheter och att ta reda på om dessa kan lösa bristen på små och prisvärda lägenheter i Stockholm.  Konceptet har studerats ingående på internationella bostadsmarknader, dock är undersökning angående efterfrågan för mikrolägenheter i Stockholm bristfällig, detta till trots att regionen tillhandahåller den högsta andelen singelhushåll i världen, samt har en hög tillväxt för bostadspriser, vilket medför en lucka i bostadsforskningen.  Syftet med studien är att identifiera de mest betydande möjligheterna, riskerna och hindren för konceptet mikrobostäder på Stockholms bostadsmarknad, såväl som att beräkna samt bedöma efterfrågan för mikrolägenheter för olika ekonomiska scenarier.  Studiens tillvägagångssätt bestod av utförande av empiriska studier, såväl intervjuer med experter på området samt en granskning av konsumenters preferenser för mikrolägenheter. Utöver dessa inhämtades sekundärdata såsom statistisk data samt omfattande litteratur och tidigare internationell forskning i ämnet. Med det inhämtade materialet kunde vi utföra beräkningar samt estimeringar av den framtida efterfrågan för mikrolägenheter i Stockholm. Beräkningarna var begränsade till Stockholms kommun, samt till den huvudsakliga målgruppen för mikrolägenheter. Resultatet visade att efterfrågan för mikrolägenheter i det mest sannolika ekonomiska scenariot var mellan 300 och 400 enheter för tidsperioden 2018-2021 och mellan 150 till 250 enheter för tidsperioden 2022-2028.  Studiens värde och originalitet ligger i de samlade och specifika möjligheterna, riskerna och hindren för konceptet på Stockholms bostadsmarknad, samt i de rekommendationer vi ger till bostadsutvecklare, kommun samt forskare baserat på den omfattande analysen av ämnet, såväl som modellen vilken beräknar efterfrågan för mikrolägenheter.

Subsidies to professional sports teams remain a controversial issue, and in most European countries these subsidies have decreased over the past decades. However, in Sweden they are a common occurrence, municipalities are giving generous amounts of money to their local team. To justify these subsidies, proponents of sports team claim their great economic impact on the local area. Nevertheless, in the sport economic literature, most of the researchers cannot find any positive impact and some of them even find negative impact from a hosting a professional sports team. This study will give an explanation and extension to the earlier articles about sport economics written in Sweden by Emelie Värja (2014) and Lars Behrenz (2009). In this essay we will present two models. The idea behind our first model is to investigate if professional sport events should be considered as a substitute to other leisure activities. This model indicates that there is a substitution effect between ice hockey games and cinema admissions in Sweden. The outcome from our other model which studies the condominium market strongly contradicts the generous sport subsidies given by Swedish municipalities. The results indicate that the presence of a professional ice hockey team lowers the condominiums prices.

This study investigated factors affecting housing finance supply in Nigeria. Housing finance is a major factor determining the quality and tenure of housing consumption, the overall financial portfolio of the public and the stability and effectiveness of the financial system. In both developed and emerging economies, sovereign governments have intervened in the markets by setting up institutions characterised by a significant degree of regulation and segmentation from the rest of the financial markets and very often with governments providing subsidised housing finance. Attempts were made to develop an empirical model to reveal the underlying factors affecting housing finance in Nigeria. Time series data from sampled Universal Money Deposit Banks (UMDBs) balance sheets between 2003 and 2007 were used to assess the ability of the financial institutions to engage in long-term lending. Additional instruments in form of questionnaire, for the sectoral allocation of loans and advances by these financial institutions were employed to gather information from Corporate Banking / Loans and Advances Managers coupled with unstructured interviews. Supplementary questionnaires were directed to the users of housing finance at the household level as control for validity to the research findings. Applying a multiple regression approach, the model identified that housing finance supply in Nigeria is significantly driven by clusters of factors related to share capital and the reserves of the financial institutions. It is closely observed that housing finance models in the developed economies, which are largely financed by deposit liabilities, cannot be wholly adopted in the emerging economies. The implication for practice therefore is that financial institutions in the emerging economies must adequately increase their capital base for effective housing finance supply and introduce mortgage products with long-term tenure to actively mobilise resources for mortgage lending.

The following report details research and analysis in order to assess the background market and market-based feasibility of the development of efficiency apartment units in the central Austin Area. It explores the potential and opportunities of reducing the size of apartments and promoting efficiency apartment unit development as a strategy to improve housing affordability for the Generation Y (Gen Y) population while taking advantage of urban redevelopment investments near Austin’s main TODs. The body of this study will discuss: (1) Generation Y and its impact on Austin’s housing market; (2) concepts and facts related to housing affordability; (3) strategies used by the city of Austin to promote infill development and existing transit oriented development sites; and (4) an overview of key housing development strategies and the real estate development process, including market analysis and absorption forecast under current housing market conditions. The study evaluates the implications of a significant demand for less expensive and smaller alternative housing products for a growing population group near downtown Austin. This report may contributes to the policy discussion about different approaches to housing affordability and offers an assessment guide for new housing development opportunities for a diverse range of city residents. / text

Studien syftar till att undersöka hur socioekonomisk segregation behandlas och kommuniceras inom olika instanser. Studien undersöker om kommuner och nationella organ arbetar utifrån samma mål och strategier rörande socioekonomisk segregation. Studien har en lokal avgränsning till det nyexploaterade området Gävle strand i Gävle. Segregationen mellan olika socioekonomiska samhällsgrupper har ökat under de senaste årtiondena. Höga bostadspriser och uppsatta hyreskrav gör det svårt för samhällsklasser med lägre inkomst att etablera sig på bostadsmarknaden. Detta leder till att socioekonomiskt starka grupper har större möjlighet att följa utvecklingen på bostadsmarknaden. Studien har genomfört en kvalitativ innehållsanalys samt en kvalitativt jämförande analys, där en jämförelse har gjorts mellan den kommunala stadsplaneringen och nationellt uppsatta mål och strategier som berör ämnet socioekonomisk segregation. Ämnet tystnad i text har också behandlats. Studiens resultat visar att det finns tydliga likheter och skillnader i hur ämnet socioekonomisk segregation behandlas i de olika dokumenten. För att säkra mångfalden i bostadsområden anses i majoriteten av dokumenten att blandade upplåtelseformer är viktigt. Samtidigt beskrivs det i dokumenten om problematiken med att nyproduktion är för dyrt och leder till homogenitet. En stor skillnad i denna studies resultat är hur i de nationella dokumenten lyfts fram vikten av att ställa mer krav i den kommunala planeringen. Samtidigt som det i de kommunala dokumenten redogörs att kommunen inte vill begränsa byggherrarnas byggkoncept. Det finns även skillnader internt hur kommunala och lokala plandokument behandlar socioekonomisk segregation. Studien har skapat en ökad förståelse för hur arbetet kring socioekonomisk segregation behandlas och genomförs genom att påvisa vilka skillnader och likheter som finns mellan olika styr- och plandokument. Studiens resultat kan användas för att bättre förstå dessa likheter och skillnader i syfte att kunna säkerställa att arbetet på kommunal och nationell nivå i större utsträckning behandlar socioekonomisk segregation likvärdigt i framtiden. / This study aims to investigate how socio-economic segregation is treated and communicated within different instances. The study examines whether municipalities and national agencies work on the same goals and strategies regarding socio-economic segregation. The study has a local delimitation to the newly developed area of Gävle Strand in Gävle. Segregation between different socioeconomic social groups has increased in recent decades. High housing prices and rental requirements make it difficult for social classes with lower incomes to establish themselves in the housing market. This leads to socio-economically strong groups having a greater opportunity to follow developments in the housing market. The studies have conducted a qualitative content analysis as well as a qualitative comparative analysis, where a comparison has been made between the municipal urban planning and national targets and strategies related to socio-economic segregation. Silence has also been addressed in the text. The results of the study show that there are similarities and differences in how the subject socio-economic segregation is addressed in the documents. In order to ensure the diversity of residential areas, most of the documents considered mixed forms of tenure to be important. At the same time, the documents describe the problems of new production being too expensive and leading to homogeneity. A big difference in this study's results is how the national documents emphasize the importance of placing more demands on municipal planning, while the municipal documents explain that they do not want to limit the building concepts of the building developers. There are also differences internally between municipal and local plan documents that deal with socio-economic segregation. The study has created an increased understanding of how the work on socio-economic segregation is treated and implemented, by demonstrating what differences and similarities exist between different control and planning documents. The study's results can be used to better understand these similarities and differences in order to ensure that work at the different levels to a greater extent deals with socio-economic segregation in the same way in the future.