IDEAS home Printed from https://ideas.repec.org/a/eme/ijhmap/v6y2013i2p180-196.html
   My bibliography  Save this article

Are Swedish houses overpriced?

Author

Listed:
  • Carl Andreas Claussen

Abstract

Purpose - Swedish house prices have risen rapidly since the mid‐1990s. How can this be explained? Are houses overpriced? In this paper the author tries to answer these questions. Design/methodology/approach - The author estimates an error correction model (ECM), and sees if the model can explain the house price developments. Findings - The model suggests that increasing household disposable income and falling mortgage rates are the most important factors behind the upswing in prices. There is no evidence of overpricing. Originality/value - Compared to earlier Swedish studies, this study is based on new data and new variables. Furthermore, the estimation period is restricted to the more recent period when Swedish credit markets have been unregulated.

Suggested Citation

  • Carl Andreas Claussen, 2013. "Are Swedish houses overpriced?," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 6(2), pages 180-196, May.
  • Handle: RePEc:eme:ijhmap:v:6:y:2013:i:2:p:180-196
    DOI: 10.1108/IJHMA-12-2011-0056
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/IJHMA-12-2011-0056/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.emerald.com/insight/content/doi/10.1108/IJHMA-12-2011-0056/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://libkey.io/10.1108/IJHMA-12-2011-0056?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Svensson, Lars E.O., 2013. "Some Lessons from Six Years of Practical Inflation Targeting," CEPR Discussion Papers 9756, C.E.P.R. Discussion Papers.
    2. Svensson, Lars E.O., 2020. "Macroprudential Policy and Household Debt: What is Wrong with Swedish Macroprudential Policy?," CEPR Discussion Papers 14585, C.E.P.R. Discussion Papers.
    3. Pär Österholm, 2016. "The Long-run Relationship Between Stock Prices and GDP in Sweden," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 45(2), pages 283-297, July.
    4. Lars E. O. Svensson, 2015. "The Possible Unemployment Cost of Average Inflation below a Credible Target," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(1), pages 258-296, January.
    5. Engerstam, Sviatlana, 2020. "Macroeconomic determinants of apartment prices in Swedish and German cities," Working Paper Series 20/2, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
    6. Humoud Almutairi & El-Sakka, M.I.T., 2016. "Determinants of Housing Prices in an Oil Based Economy," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(5), pages 247-260, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:ijhmap:v:6:y:2013:i:2:p:180-196. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.