We argue that banks operating in a local market possess better information about the local housing market than do non-local banks. Possessing this information may influence their willingness to grant loans to house buyers and the specifics of the loan terms, which in turn may affect house prices...

In the academic literature about construction of housing price indexes, administrative geographic areas are mostly used. Very rarely discusses and analyzes the question what is the optimal regional division from a statistical point of view as well as a practical point of view. In the design of...

Given the large increase in Swedish house prices and households_ indebtedness since the 1990s, it is important to study the seemingly strong relationship between house prices and bank lending. Credit expansion may increase house prices and higher house prices increases the wealth and, thereby,...

ERES:conference

Securitized real estate shares constitute an important investment vehicle for institutional investors and households. Investors both hold real estate shares directly or indirectly through for instance real estate mutual funds as well as real estate ETFs. Therefore it is interesting to study the...

We argue that banks operating in a local market possess better information about the local housing market than do non-local banks. Possessing this information may influence their willingness to grant loans to house buyers and the specifics of the loan terms, which in turn may affect house prices...

We empirically reexamine the dominance of tax externalities in Sweden for the period of 2000 through 2011. Where hierarchical governments share a mobile tax base, a tax externality can arise not only horizontally across the same level of government but also vertically between different levels of...

<title>Abstract</title> A hedonic model is specified for asking prices for apartments in Donetsk (Ukraine). This model is used to determine statistically significant location attributes. These attributes can be used for land assessment in a city where data on the land market are lacking. Distance gradients for...

Governments around the world utilize various types of subsidies in order to counter problems of housing shortages and affordability concerns. Reduced interest rate or alternative investments of construction loans are examples of subsidy policies on the supply side that are intended to offset...

My objective in this paper is to estimate different depreciation rates of house prices depending on the level of maintenance of the property and the location of the property. I do this by supplementing transaction price data with owner information about level of maintenance. The result indicates...