A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The effect of minimum parking requirements on the housing stock
Abstract The cost of parking is in many cities subsidized and instead channelled through higher housing prices, wages, taxes, etc. The effects on other markets are principally well known, but the work on the area is limited. In this paper, we study how parking norms affect the size of the housing stock. Our analysis is based on a model of the rental, asset- and construction markets, the results are quality-assured by interviews with market actors. Prices and profits are affected when constructors are forced, through parking norms, to build more parking spaces than the customers demand. Parking norms reduce the housing stock by 1.2% and increase rents by 2.4% (SEK 300) in our example suburb.
Highlights The effect of parking norms on the housing stock are studied. Our analysis is based on a model of the rental-, asset- and construction markets. The results are quality assured by interviews with market actors. Our study indicates that parking norms decreases the housing stock by 1.2%.
The effect of minimum parking requirements on the housing stock
Abstract The cost of parking is in many cities subsidized and instead channelled through higher housing prices, wages, taxes, etc. The effects on other markets are principally well known, but the work on the area is limited. In this paper, we study how parking norms affect the size of the housing stock. Our analysis is based on a model of the rental, asset- and construction markets, the results are quality-assured by interviews with market actors. Prices and profits are affected when constructors are forced, through parking norms, to build more parking spaces than the customers demand. Parking norms reduce the housing stock by 1.2% and increase rents by 2.4% (SEK 300) in our example suburb.
Highlights The effect of parking norms on the housing stock are studied. Our analysis is based on a model of the rental-, asset- and construction markets. The results are quality assured by interviews with market actors. Our study indicates that parking norms decreases the housing stock by 1.2%.
The effect of minimum parking requirements on the housing stock
Andersson, Matts (author) / Mandell, Svante (author) / Thörn, Helena Braun (author) / Gomér, Ylva (author)
Transport Policy ; 49 ; 206-215
2016-05-01
10 pages
Article (Journal)
Electronic Resource
English
R31 , R42 , R48 , Parking norms , Housing market , Construction
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