Spelar kvalitet någon roll för priset?: en studie av bostadsrättsköp i Storstockholm
2000 (Swedish)Doctoral thesis, monograph (Other academic)
The purpose of the study is to show that architectural quality in dwellings has an impact on purchase prices. This is performed through an empirical investigation of 178 purchases of flats in co-operative housing associations within Greater Stockholm. The studied dwellings are all in multifamily housing.
The concept ’architectural quality’ is discussed and defined to match the purpose of the investigation. The qualities of the dwellings have been rated according to fixed criteria. Price data are asking prices from real estate brokers’ advertisements of sales.
Investigation and analyses have been carried out by three different methods:
- Statistical analysis in the form of multivariable regressions analysis, which required quantified measures of quality.
- Enquiry to the buyers of the flats in the sample, on their evaluation of the qualities of the dwelling and the actual purchase price.
- Interviews with a small sample of buyers.
Starting point for the analyses was a model for residential choice based upon location, dwelling area and payment to the co-operative housing association and the assumption that differences in quality were of great importance for the final decision.
The regression analyses did show that overall differences in architectural quality had significant impact on price in the sample of study objects. The enquiry showed that residents evaluated architectural quality in common with the architect’s criteria, but that they also did evaluate many other forms of quality in a dwelling before buying a flat. The balancing of different qualities differed between buyers.
Another result of the enquiry was data of purchase prices. Asking prices were a good estimation of market values, but they did differ substantially from purchase price in some cases.
The interviews increased the understanding of how different categories of buyers see and evaluate architectural quality. They also described which qualities in a dwelling that attract buyers in their residential choice, As a whole the study has shown:
- It is possible to rate architectural quality in quantitative terms
- Residents and architects have many criteria in common in their evaluation of architectural quality
- In the dwellings of the studied sample architectural quality had an impact on price amounting to 10-15 %
Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2000. , 141 p.
Trita-ARK. Akademisk avhandling, ISSN 1402-7461 ; 2000:3
Architectural quality, condominiums, market value, hedonic prices, regression analysis
Arkitektonisk kvalitet, bostadsrätt, marknadsvärde, hedoniska priser, regressionsanalys
IdentifiersURN: urn:nbn:se:kth:diva-76551ISBN: 91-7170-507-4OAI: oai:DiVA.org:kth-76551DiVA: diva2:491078
Holgersdotter-Engdahl, Christina, Professor
QC 201202072012-02-072012-02-062012-02-07Bibliographically approved