<p>The real estate market has been of great interest since the rise in home foreclosures in</p><p>US, which started in the late 2006. The purpose of this thesis is to examine a possible</p><p>relationship between the factors presented in DiPasquale and Wheaton’s (1996) model</p><p>which explains the market linkages between the property market and asset market, and</p><p>the Swedish real estate companies listed on the Swedish stock market OMX. The real</p><p>estate stock market is, divided in to groups of 3, which represented the dependent</p><p>variable. The repo rate, CPI, expected inflation, macro index, disposable income, GDP</p><p>and a real estate price index are the explanatory variables. Stockholm Stock Market All-</p><p>Share Index (OMXSPI) is also included as a possible explanatory variable.</p><p>The main findings in most of the estimations for the groups and years, is that the</p><p>OMXSPI is of significance at the 10 percent level. The other variables did not show any</p><p>significant result based on the 10 percent significance level,</p><p>According to the results it seems like the volatility has increased over time in the real</p><p>estate stock market with respect to the OMXSPI. That is; the risk has increased</p><p>significantly from the period 1996-1999 to the later periods.</p>
| Identifer | oai:union.ndltd.org:UPSALLA/oai:DiVA.org:hj-1201 |
| Date | January 2008 |
| Creators | Nordström, Louise, Karlssson, Sofie |
| Publisher | Jönköping University, JIBS, Economics, Jönköping University, JIBS, Economics |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, text |
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