Increased rent misspent? How ownership matters for renovation and rent increases in rental housing in Sweden
(2025) In International Journal of Housing Policy 25(1). p.78-100- Abstract
- Renovations of the housing rental stock have become a political concern since they have been claimed to drive gentrification and affect tenants’ everyday lives as well as long-term housing conditions. Furthermore, new actors have entered the market, partly as a result of high supply on the international capital markets creating a flow of capital into market segments. This has led to a critique of private equity in the housing sector, and raised the question of the extent to which ownership of the rental stock matters for housing affordability. Yet there seems to be little systematic research on this topic. This study uses a unique dataset covering the entire rental housing stock in Sweden to address whether there are differences in... (More)
- Renovations of the housing rental stock have become a political concern since they have been claimed to drive gentrification and affect tenants’ everyday lives as well as long-term housing conditions. Furthermore, new actors have entered the market, partly as a result of high supply on the international capital markets creating a flow of capital into market segments. This has led to a critique of private equity in the housing sector, and raised the question of the extent to which ownership of the rental stock matters for housing affordability. Yet there seems to be little systematic research on this topic. This study uses a unique dataset covering the entire rental housing stock in Sweden to address whether there are differences in renovation investments between different ownership groups. The purpose of this article is to increase understanding of how ownership affects renovation processes, and specifically to analyse to what extent, and how, private and public actors differ in renovation and rent setting decisions. Our results demonstrate that public housing companies raised rents less and renovated more, particularly in the lower-income segments of the multi-family building stock between 2014 and 2020. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/9ccee302-c5f6-454b-9c24-78774136516b
- author
- Mangold, Mikael ; Bohman, Helena ; Johansson, Tim and von Platten, Jenny LU
- organization
- publishing date
- 2025
- type
- Contribution to journal
- publication status
- published
- subject
- in
- International Journal of Housing Policy
- volume
- 25
- issue
- 1
- pages
- 23 pages
- publisher
- Taylor & Francis
- external identifiers
-
- scopus:85166927309
- ISSN
- 1949-1247
- DOI
- 10.1080/19491247.2023.2232205
- language
- English
- LU publication?
- yes
- additional info
- doi: 10.1080/19491247.2023.2232205
- id
- 9ccee302-c5f6-454b-9c24-78774136516b
- date added to LUP
- 2023-08-23 13:49:59
- date last changed
- 2025-01-21 11:53:38
@article{9ccee302-c5f6-454b-9c24-78774136516b,
abstract = {{Renovations of the housing rental stock have become a political concern since they have been claimed to drive gentrification and affect tenants’ everyday lives as well as long-term housing conditions. Furthermore, new actors have entered the market, partly as a result of high supply on the international capital markets creating a flow of capital into market segments. This has led to a critique of private equity in the housing sector, and raised the question of the extent to which ownership of the rental stock matters for housing affordability. Yet there seems to be little systematic research on this topic. This study uses a unique dataset covering the entire rental housing stock in Sweden to address whether there are differences in renovation investments between different ownership groups. The purpose of this article is to increase understanding of how ownership affects renovation processes, and specifically to analyse to what extent, and how, private and public actors differ in renovation and rent setting decisions. Our results demonstrate that public housing companies raised rents less and renovated more, particularly in the lower-income segments of the multi-family building stock between 2014 and 2020.}},
author = {{Mangold, Mikael and Bohman, Helena and Johansson, Tim and von Platten, Jenny}},
issn = {{1949-1247}},
language = {{eng}},
number = {{1}},
pages = {{78--100}},
publisher = {{Taylor & Francis}},
series = {{International Journal of Housing Policy}},
title = {{Increased rent misspent? How ownership matters for renovation and rent increases in rental housing in Sweden}},
url = {{http://dx.doi.org/10.1080/19491247.2023.2232205}},
doi = {{10.1080/19491247.2023.2232205}},
volume = {{25}},
year = {{2025}},
}