The effect of minimum parking requirements on the housing stock
2016 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 49, 206-215 p.Article in journal (Refereed) PublishedText
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.
Parking norms, Housing market, Construction
IdentifiersURN: 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
FunderSwedish Transport Administration
QC 201607202016-07-202016-07-152016-07-22Bibliographically approved