The dynamics of Swedish national and regional house price movement

Abstract

In this study, the recent persistent growth of regional house price pattern in Sweden is explained by the fundamental variables and the regional distributive perspective on household income and wealth are indicated to be important to understand the different level and development of regional housing market. We also discuss the long running relationship between house prices and migration flows and highlight its critical role on house price analyses.

Keywords:

• regional house prices
• fundamental variables
• distributive perspective
• migration
• Sweden

Notes

Correspondence Address: Zan Yang and Bengt Turner, Institute for Housing and Urban Research, Uppsala University, Box 785 S‐80129 Gävle, Sweden. Email: [email protected]

See “Fact Sheet on Sweden” by the Swedish Institute, October 2000.

See “Financial Stability Report”, 2003:1, Swedish Riksbank.

These 289 municipalities are located in 21 metropolises in Sweden. The newest municipality named Knivsta in Uppsala metropolitan was founded on 1 January 2003.

We are very grateful to Tommy Berger for the Municipality house prices data‐set. See “Priser på egenskaper hos småhus” (Price index of owner occupied house), Working Paper No. 14, Institute for Housing Research, Uppsala University.

See “Financial Stability Report”, 2003:1, Swedish Riksbank.

See “The regular national report on housing development of national board of housing”, Building and Planning, 2000.

Additional information

Notes on contributors

Bengt Turner

Correspondence Address: Zan Yang and Bengt Turner, Institute for Housing and Urban Research, Uppsala University, Box 785 S‐80129 Gävle, Sweden. Email: [email protected]