Economic Evaluation of Renovation in Socially Deprived Housing Estates: a case study from Malmö
(English)Manuscript (preprint) (Other academic)
The purpose of this study, is to analyse the profitability of a strategy to increase the quality of housing in socially disadvantaged large housing estates. The primary issue is to identify costs affected by poor management and the estates‟ social condition. Based on case study material from a socially deprived area, detailed economic data is discussed and analysed. The empirical data indicates that it is profitable to have a clear and active housing management strategy. The results also show that dedicated landlords‟, need to spend more resources on property management as this has a very positive impact on the local community as whole. Although the future estimated company value after the renovation process were profitable, from an optimistic assumption there are difficulties in justifying large scale investment purely from a business perspective. These findings give a better understanding of possible issues and the housing company's work process to improve an area. The value of the study, from a practical perspective, is a deeper financial knowledge of problems and possibilities to stabilize these housing areas and to find sustainable work methods. From a research perspective, this provides economic information which can be used for comparative management studies.
Large housing estates, Socially disadvantaged, Economic valuations, Strategy, Sweden.
Economics and Business
IdentifiersURN: urn:nbn:se:kth:diva-48613OAI: oai:DiVA.org:kth-48613DiVA: diva2:458196
QS 20112011-11-222011-11-222011-11-22Bibliographically approved