Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Demand for rent-regulated apartments: The case of Sweden
The Swedish rental housing market is characterised by, among other things, a form of rent control in which rents remain lower than market rate. This means that distribution of rental apartments is not based on the tenants' willingness to pay for a specific apartment. Instead, in most cases, distribution is based on a person's position in the housing agency queue. In Stockholm, many public and private housing rental contracts are set up via a common queue administered by the municipal housing agency. Individuals with much time in the queue can access a more extensive selection of rental apartments. The purpose of the following study is to estimate the demand for rent-regulated apartments. We do so by investigating the relationship between queue time and apartment attributes. A so-called hedonic waiting time equation will be estimated. The implicit prices of the rental apartment will be related to the tenant's income, and income elasticity will be estimated in a second step. The results indicate a significant willingness to pay for rent-regulated apartments, and that the demand for rental apartments can partly be explained by regulated rents, and partly by tenants' income.
Demand for rent-regulated apartments: The case of Sweden
The Swedish rental housing market is characterised by, among other things, a form of rent control in which rents remain lower than market rate. This means that distribution of rental apartments is not based on the tenants' willingness to pay for a specific apartment. Instead, in most cases, distribution is based on a person's position in the housing agency queue. In Stockholm, many public and private housing rental contracts are set up via a common queue administered by the municipal housing agency. Individuals with much time in the queue can access a more extensive selection of rental apartments. The purpose of the following study is to estimate the demand for rent-regulated apartments. We do so by investigating the relationship between queue time and apartment attributes. A so-called hedonic waiting time equation will be estimated. The implicit prices of the rental apartment will be related to the tenant's income, and income elasticity will be estimated in a second step. The results indicate a significant willingness to pay for rent-regulated apartments, and that the demand for rental apartments can partly be explained by regulated rents, and partly by tenants' income.
Demand for rent-regulated apartments: The case of Sweden
Wilhelmsson, Mats (Autor:in)
Paper
Elektronische Ressource
Englisch
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