A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Land Banking in Stockholm: An Evaluation of Municipal Residential Leasehold as a Public Finance and Housing Subsidy Instrument
In this study the performance of Stockholm's municipal residential leasehold program as a public finance and housing subsidy tool is assessed for the period 1910-1970. The program has yielded an average annual return of 5.5 percent—mainly in the form of unrealized capital gains—which compares favorably with the city's capital costs (4.8 percent). Ground charges have been below market, implying subsidies to leaseholders. The subsidies have mainly benefitted first owners of single-family homes erected on city owned land. By charging market lease fees an annual average return of 7.3 percent could have been earned. The additional revenue, distributed through the Swedish housing allowance scheme, would represent a far more efficient housing subsidy.
Land Banking in Stockholm: An Evaluation of Municipal Residential Leasehold as a Public Finance and Housing Subsidy Instrument
In this study the performance of Stockholm's municipal residential leasehold program as a public finance and housing subsidy tool is assessed for the period 1910-1970. The program has yielded an average annual return of 5.5 percent—mainly in the form of unrealized capital gains—which compares favorably with the city's capital costs (4.8 percent). Ground charges have been below market, implying subsidies to leaseholders. The subsidies have mainly benefitted first owners of single-family homes erected on city owned land. By charging market lease fees an annual average return of 7.3 percent could have been earned. The additional revenue, distributed through the Swedish housing allowance scheme, would represent a far more efficient housing subsidy.
Land Banking in Stockholm: An Evaluation of Municipal Residential Leasehold as a Public Finance and Housing Subsidy Instrument
Ratzka, Adolf Dieter (author)
Journal of the American Planning Association ; 47 ; 279-288
1981-07-01
10 pages
Article (Journal)
Electronic Resource
Unknown
Municipal site leasehold in Sweden: A land policy instrument in Decay
| Taylor & Francis Verlag | 1996
Sixty years of municipal leasehold in Stockholm : an economical and cost-revenue analysis
| UB Braunschweig | 1980
Study of housing lot with leasehold thereon and of the leasehold value in tokyo area
| British Library Online Contents | 1997
Issues in municipal public land banking
| Online Contents | 1976