Prisboble på den københavnske boligmarked? En afhandling om prisudvikling i København/ Frederiksberg

Kasper Meyer-Jacobsen

Student thesis: Diploma thesis

Abstract

This thesis sets out to investigate the feasibility of a price bubble on the market for real estate in Copenhagen and Frederiksberg, based on relevant statistical analyses and support from valid qualitative sources. The analyses are based on figures from 1992-2016. The thesis sets the scene through a market analysis, which leads to a number of relevant fundamentals. The fundamentals are further utilized in three different regression analyses: a linear regression, a multiple regression, and a multiple regression with interaction terms. Additionally, a statistical comparison and market assessment is conducted through the application of Case & Shiller’s seven bubble criteria (Case & Shiller, 2003). Lastly, the results of the regression analyses and the Case & Shiller analyses are compared to conclude on the feasibility of price bubble on the market for real estate in Copenhagen and Frederiksberg. Overall, the thesis portrays signals of a potential bubble-looking state of the Copenhagen and Frederiksberg market for real estate. Isolated, each parameter does not indicate a critical sign of a bubble; the thesis, however, reveals that the whole, in this case, is greater than the sum of its parts and the real estate market could be at the verge of bursting.

EducationsGraduate Diploma in Financial Planning, (Diploma Programme) Final Thesis
LanguageDanish
Publication date2017
Number of pages79