Relationen mellan belåningsgrad och kvadratmeterpris i bostadsrättsföreningar

Detta är en Kandidat-uppsats från Göteborgs universitet/Företagsekonomiska institutionen

Författare: Carl Bodin; Niclas Vestlund; [2020-07-08]

Nyckelord: ;

Sammanfattning: This study examines how the loan-to-value ratio and monthly fee in tenant-owner associations affectthe sale price during the calendar year 2019 on tenant-owner rights in the municipality of Gothenburg.The research question is as follows: Do buyers in the housing market take the increased risk associatedwith higher loan-to-value ratios in tenant-owner associations into account through an adjusted saleprice, and how is the monthly fee affected by a higher loan-to-value ratio? The sale price and fee aretaken into account per square meter to ease the comparisons between different apartments. The saleprice is thus converted into square meter price in the experiment and its analysis.This quantitative experiment is based on secondary data from databases on the internet. Theinformation is categorized into the nine variables square meter price, loan-to-value ratio, fee, savings,number of tenants, number of rooms, age of the building squared and floor level. 290 observations areincluded in the study. The data is used to create descriptive statistics, scatterplots, correlation matrixand regression analyses.To deduce statistical hypotheses to the research question, the theoretical frame of reference is built onthe concepts of economic risk, information asymmetry, efficient markets, bounded rationality andbehavioral finance. The hypotheses are that there is a negative relationship between loan-to-value ratioand sale price, as well as a positive relationship between loan-to-value ratio and monthly fee.The results indicate that there is a clear correlation between the loan-to-value ratio of the associationsand the sale prices of their apartments, until all variables are included in the analysis. Then instead, itsuggests that the variation that was previously captured in the loan-to-value ratio is actually describedby the location of the apartment. Furthermore, the results indicate that, not only is there a strongcorrelation but also, there is a causal relationship between the loan-to-value ratio and the monthly fee,where the former drives the latter.The conclusion is that buyers of tenant-owned housing in the Gothenburg market did not take intoaccount the increased risks associated with apartment acquisitions calendar year 2019, the nullhypothesis is not rejected. Furthermore, it is concluded that there is a positive relationship, evencausality, between the loan-to-value ratio and the fee where the former drives the latter. Thus, this nullhypothesis is rejected.

  HÄR KAN DU HÄMTA UPPSATSEN I FULLTEXT. (följ länken till nästa sida)