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The Swedish Real Estate Market and Macroeconomic Factors
Jönköping University, Jönköping International Business School, JIBS, Economics.
Jönköping University, Jönköping International Business School, JIBS, Economics.
2008 (English)Independent thesis Basic level (degree of Bachelor), 10 points / 15 hpStudent thesis
Abstract [en]

The real estate market has been of great interest since the rise in home foreclosures in

US, which started in the late 2006. The purpose of this thesis is to examine a possible

relationship between the factors presented in DiPasquale and Wheaton’s (1996) model

which explains the market linkages between the property market and asset market, and

the Swedish real estate companies listed on the Swedish stock market OMX. The real

estate stock market is, divided in to groups of 3, which represented the dependent

variable. The repo rate, CPI, expected inflation, macro index, disposable income, GDP

and a real estate price index are the explanatory variables. Stockholm Stock Market All-

Share Index (OMXSPI) is also included as a possible explanatory variable.

The main findings in most of the estimations for the groups and years, is that the

OMXSPI is of significance at the 10 percent level. The other variables did not show any

significant result based on the 10 percent significance level,

According to the results it seems like the volatility has increased over time in the real

estate stock market with respect to the OMXSPI. That is; the risk has increased

significantly from the period 1996-1999 to the later periods.

Place, publisher, year, edition, pages
2008. , 46 p.
Keyword [en]
Macroeconomic variables, multiple regression analysis, stock market, real
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-1201OAI: oai:DiVA.org:hj-1201DiVA: diva2:3646
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samhälle/juridik
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Available from: 2008-04-08 Created: 2008-04-08

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf