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Ägarlägenheter – Värda en satsning?

Bengtsson, Annika LU and Persson, Amelie LU (2012) In TVBP VBEM01 20121
Construction Management
Civil Engineering
Abstract
In May 2009, a new Swedish legislation made it possible for a new tenure to
enter the housing market – condominiums. Since the law took effect, only a
few condominiums have been built, mainly by minor construction- and
property companies. This thesis aims to investigate under what circums-
tances it’s favorably to build condominiums and also to identify what ob-
stacles and opportunities that can be associated with the form of tenure.
The outcome is presented in a SWOT- analysis. The aim is to raise aware-
ness among housing developers so that condominiums are not discarded as
a form of tenure because of lack of knowledge.
Owning a condominium gives the owner a legal right to pledge, sublet and
transfer the apartment... (More)
In May 2009, a new Swedish legislation made it possible for a new tenure to
enter the housing market – condominiums. Since the law took effect, only a
few condominiums have been built, mainly by minor construction- and
property companies. This thesis aims to investigate under what circums-
tances it’s favorably to build condominiums and also to identify what ob-
stacles and opportunities that can be associated with the form of tenure.
The outcome is presented in a SWOT- analysis. The aim is to raise aware-
ness among housing developers so that condominiums are not discarded as
a form of tenure because of lack of knowledge.
Owning a condominium gives the owner a legal right to pledge, sublet and
transfer the apartment without permission from a housing association. The
buyer also receives the deed to the property. A number of arguments for
and against condominiums as well as possible effects of the legislation have
been presented in a public report from the Swedish government (SOU
2002:21). Condominiums introduction to the housing market will allow for
a new housing option. This option, however, is limited to those with suffi-
cient financial means. Increased tenant influence has also been raised as a
result of the introduction and would mean that the owner has a great-
er opportunity to influence the design of the apartment, possibly already at
an early stage. Increased risk of segregation and speculation is mentioned
among the negative effects of the introduction.
The Swedish public's poor knowledge of what a purchase of a condomi-
nium means has proven to be one of the biggest threats to the tenure. This
fact probably contributes to that many Swedes today prefer alternative well
known housing options. Providing the right information regarding the te-
nure should fall within the company that intends to establish the apart-
ments. It’s also important to prepare and inform the banks and insurance
companies to ensure that loans and insurances are offered to future buyers.
Establishing a good contact with banks and insurance companies has prov-
en to a good factor for success.
Companies with rental business can choose to either sell or rent out the
condominiums. This has proven to be an important strength. For those
companies that lack rental business it’s of greater importance to promote
and sell all apartments, this to avoid loss- making projects. Difficulties in engaging the residents in the property association and that
the capital investment of a condominium is high, are facts that are men-
tioned as weaknesses in this report. (Less)
Please use this url to cite or link to this publication:
author
Bengtsson, Annika LU and Persson, Amelie LU
supervisor
organization
course
VBEM01 20121
year
type
H3 - Professional qualifications (4 Years - )
subject
publication/series
TVBP
report number
TVBP-5446
language
Swedish
id
3288082
date added to LUP
2013-01-07 17:33:43
date last changed
2013-01-07 17:33:43
@misc{3288082,
  abstract     = {In May 2009, a new Swedish legislation made it possible for a new tenure to 
enter the housing market – condominiums. Since the law took effect, only a 
few condominiums have been built, mainly by minor construction- and 
property companies. This thesis aims to investigate under what circums-
tances it’s favorably to build condominiums and also to identify what ob-
stacles and opportunities that can be associated with the form of tenure. 
The outcome is presented in a SWOT- analysis. The aim is to raise aware-
ness among housing developers so that condominiums are not discarded as 
a form of tenure because of lack of knowledge. 
Owning a condominium gives the owner a legal right to pledge, sublet and 
transfer the apartment without permission from a housing association. The 
buyer also receives the deed to the property. A number of arguments for 
and against condominiums as well as possible effects of the legislation have 
been presented in a public report from the Swedish government (SOU 
2002:21). Condominiums introduction to the housing market will allow for 
a new housing option. This option, however, is limited to those with suffi-
cient financial means. Increased tenant influence has also been raised as a 
result of the introduction and would mean that the owner has a great-
er opportunity to influence the design of the apartment, possibly already at 
an early stage. Increased risk of segregation and speculation is mentioned 
among the negative effects of the introduction. 
The Swedish public's poor knowledge of what a purchase of a condomi-
nium means has proven to be one of the biggest threats to the tenure. This 
fact probably contributes to that many Swedes today prefer alternative well 
known housing options. Providing the right information regarding the te-
nure should fall within the company that intends to establish the apart-
ments. It’s also important to prepare and inform the banks and insurance 
companies to ensure that loans and insurances are offered to future buyers. 
Establishing a good contact with banks and insurance companies has prov-
en to a good factor for success. 
Companies with rental business can choose to either sell or rent out the 
condominiums. This has proven to be an important strength. For those 
companies that lack rental business it’s of greater importance to promote 
and sell all apartments, this to avoid loss- making projects. Difficulties in engaging the residents in the property association and that 
the capital investment of a condominium is high, are facts that are men-
tioned as weaknesses in this report.},
  author       = {Bengtsson, Annika and Persson, Amelie},
  language     = {swe},
  note         = {Student Paper},
  series       = {TVBP},
  title        = {Ägarlägenheter – Värda en satsning?},
  year         = {2012},
}