Investering i ejerboliger: En god idé på kort, mellem eller lang sigt?

Marianne Hegelund

Student thesis: Diploma thesis

Abstract

The main purpose of this task has been to describe the price evolution of single-family homes and condominiums in Denmark in the short, medium and long term and to elucidate the factors that affect the price of home ownership. Historically, real estate prices followed up during periods of relatively high economic growth, while increases in housing prices reverse is usually lower during periods of low economic growth. The macroeconomic models used to explain the evolution of consumption as a function of housing market prices, can explain the vast majority of price increases and decreases in housing, only from interest and income development, scarcity of available land and changed the types of loans. There have also been periods when the macroeconomic models could not explain the price movements. From 2005, it was not in a satisfactory manner possible to explain price movements over the macroeconomic models. It has therefore been sought to elucidate what drives prices in the period 2005-2007 and provide an assessment of the socio-economic consequences, the development had. The global financial crisis started in the U.S. based on subprime, hit Denmark and the western world in 2008. One consequence of the macroeconomic forces during the OOs had set the agenda in the financial markets, and regulation of the financial sector was replaced by a lending party, which had serious economic consequences for the economy. It has therefore been sought to explain how the extraordinary high price increases in housing prices over the last decade was not only a Danish phenomenon, but was a trend in many Western economies, as is their subsequent fall.

EducationsGraduate Diploma in Financial Planning, (Diploma Programme) Final Thesis
LanguageDanish
Publication date2011
Number of pages88