Hyresmarknaden - beaktansvärd eller överskattad?

Sammanfattning: Debt, bank credit and the determinants for bank lending are as up to date as ever with an increase in inflation and rising rates. Economic activity, financial costs and housing prices have been empirically established as important determinators when it comes to the indebtedness of the private sector. Less examined is the role of the rental market in the context. This study examines the effects on debt and bank credit for the private sector, as well as other explanatory variables impact, when including the rental market in the analysis. The mentioned analysis is compared to a baseline version, following the literature on the subject. The result of this study indicates that the inclusion of the rental market might be an important addition to models of similar kind, even though the differences are small in comparison to the baseline version. In the discussion, the results are linked to a financial accelerator, the so called “collateral channel” as well as wealth effects on the consumption in response to a rise in housing prices.