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Påverkar bankerna priset på fastigheter när de ändrar sina villkor

Claeson, Rickard LU and Paulsson, Jakob LU (2015) FEKP01 20151
Department of Business Administration
Abstract
Title: Do banks affect real estate prices when they change their terms and conditions?
Seminar date: 08/26/2010
Course: Master thesis in business administration, major in finance, 15 University
Credit Points (15 ECTS)
Authors: Jakob Paulsson and Rickard Claeson
Advisors: Jens Forssbaeck and Måns Kjellsson
Five key words: Real estate prices, Credit standards, Commercial real estate, Real
estate valuation, Financial crisis.
Purpose: The purpose of this thesis is to investigate if there is a statistically
significant relationship between banks’ credit standards for commercial loans and the
average prices of commercial real estate.
Methodology: The methodology used in this thesis is a quantitative study using
multiple linear... (More)
Title: Do banks affect real estate prices when they change their terms and conditions?
Seminar date: 08/26/2010
Course: Master thesis in business administration, major in finance, 15 University
Credit Points (15 ECTS)
Authors: Jakob Paulsson and Rickard Claeson
Advisors: Jens Forssbaeck and Måns Kjellsson
Five key words: Real estate prices, Credit standards, Commercial real estate, Real
estate valuation, Financial crisis.
Purpose: The purpose of this thesis is to investigate if there is a statistically
significant relationship between banks’ credit standards for commercial loans and the
average prices of commercial real estate.
Methodology: The methodology used in this thesis is a quantitative study using
multiple linear regression models.
Theoretical perspectives: The theoretical perspectives of this thesis includes theories
regarding the valuation of real estate, including a modified discounted cash flow
model. Theories concerning capital structure choice and a description of the
characteristics of leverage are also included. As a complement to these theories, the
authors accounts for prior research relevant to the topic of this master thesis.
Empirical foundation: The empirical foundation is comprised of time series for real
estate prices, credit supply, credit demand, GDP and REFI-rate in Sweden, Denmark,
France, Netherlands, Spain, Great Britain, Switzerland, Ireland and Finland.
Conclusions: The research concludes that we only can establish a statistically
significant relationship between changes in credit standards and real estate prices in
Ireland. Here, the average real estate price decrease when banks tighten their credit
standards. (Less)
Please use this url to cite or link to this publication:
author
Claeson, Rickard LU and Paulsson, Jakob LU
supervisor
organization
alternative title
Do banks affect real estate prices when they change their terms and conditions
course
FEKP01 20151
year
type
H1 - Master's Degree (One Year)
subject
keywords
Fastighetspris, Kreditrestriktioner, Kommersiella fastigheter, Fastighetsvärdering, Finanskris.
language
Swedish
id
5426138
date added to LUP
2015-05-22 08:16:10
date last changed
2015-05-22 08:16:10
@misc{5426138,
  abstract     = {Title: Do banks affect real estate prices when they change their terms and conditions?
Seminar date: 08/26/2010
Course: Master thesis in business administration, major in finance, 15 University
Credit Points (15 ECTS)
Authors: Jakob Paulsson and Rickard Claeson
Advisors: Jens Forssbaeck and Måns Kjellsson
Five key words: Real estate prices, Credit standards, Commercial real estate, Real
estate valuation, Financial crisis.
Purpose: The purpose of this thesis is to investigate if there is a statistically
significant relationship between banks’ credit standards for commercial loans and the
average prices of commercial real estate.
Methodology: The methodology used in this thesis is a quantitative study using
multiple linear regression models.
Theoretical perspectives: The theoretical perspectives of this thesis includes theories
regarding the valuation of real estate, including a modified discounted cash flow
model. Theories concerning capital structure choice and a description of the
characteristics of leverage are also included. As a complement to these theories, the
authors accounts for prior research relevant to the topic of this master thesis.
Empirical foundation: The empirical foundation is comprised of time series for real
estate prices, credit supply, credit demand, GDP and REFI-rate in Sweden, Denmark,
France, Netherlands, Spain, Great Britain, Switzerland, Ireland and Finland.
Conclusions: The research concludes that we only can establish a statistically
significant relationship between changes in credit standards and real estate prices in
Ireland. Here, the average real estate price decrease when banks tighten their credit
standards.},
  author       = {Claeson, Rickard and Paulsson, Jakob},
  keyword      = {Fastighetspris,Kreditrestriktioner,Kommersiella fastigheter,Fastighetsvärdering,Finanskris.},
  language     = {swe},
  note         = {Student Paper},
  title        = {Påverkar bankerna priset på fastigheter när de ändrar sina villkor},
  year         = {2015},
}