Det skärpta amorteringskravet : En kvantitativ studie om amorteringskravets påverkan på bostadspriser och hushållens skuldsättning

Sammanfattning: In March 2018 an expanded amortization requirement was introduced in Sweden with the purpose of tapering off the continual growth in household debt and the rapidly rising housing prices. Growth in household debt has been a recurring topic of discussion by the Financial Department in recent year as it is seen as a macroeconomic risk and a threat to the financial stability. The amortization requirement has received mixed reactions from actors in the housing industry and financial sector, they argue whether the amortization requirement is the best measure to reduce growth in household debt. Most of the sceptics claim the amortization requirement have major negative impacts that surpasses the actual purpose and upsides of the action This study aim to investigate how the housing prices and household debt has changed in connection with, and after , the expanded amortization requirement. In order to investigate the purpose of this study a quantitative method based on statistical analysis was used. The results indicates that the expanded amortization requirement had impact on the housing prices and household debt to some extent. The average housing prices has initially gone down but there is no evidence of a decrease in growth rate. The household debt seems to be more stable due to the stagnated growth but the long term effects is yet to be investigated. In conclusion the amortization requirement seem to have both affected the housing prices and household debt in the short term and has somewhat fulfilled its purpose. But a further investigation of the long term effects, positive and negative, needs to be done to draw more exhaustive conclusions of the effects of the amortization requirements.