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The effect of minimum parking requirements on the housing stock
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
2016 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 49, 206-215 p.Article in journal (Refereed) PublishedText
Abstract [en]

The cost of parking is in many cities subsidized and instead channelled through higher housing prices, wages, taxes, etc. The effects on other markets are principally well known, but the work on the area is limited. In this paper, we study how parking norms affect the size of the housing stock. Our analysis is based on a model of the rental, asset- and construction markets, the results are quality-assured by interviews with market actors. Prices and profits are affected when constructors are forced, through parking norms, to build more parking spaces than the customers demand. Parking norms reduce the housing stock by 1.2% and increase rents by 2.4% (SEK 300) in our example suburb. (C) 2016 Elsevier Ltd. All rights reserved.

Place, publisher, year, edition, pages
2016. Vol. 49, 206-215 p.
Keyword [en]
Parking norms, Housing market, Construction
National Category
Civil Engineering
Identifiers
URN: urn:nbn:se:kth:diva-189800DOI: 10.1016/j.tranpol.2016.05.005ISI: 000378181200021ScopusID: 2-s2.0-84965179224OAI: oai:DiVA.org:kth-189800DiVA: diva2:949541
Funder
Swedish Transport Administration
Note

QC 20160720

Available from: 2016-07-20 Created: 2016-07-15 Last updated: 2016-07-22Bibliographically approved

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Andersson, MattsBraun Thörn, Helena
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