dc.contributor.author | Farstad, Eirik | |
dc.contributor.author | Becirovic, Elmas | |
dc.date.accessioned | 2017-05-16T10:05:19Z | |
dc.date.available | 2017-05-16T10:05:19Z | |
dc.date.issued | 2016 | |
dc.identifier.uri | http://hdl.handle.net/11250/2442610 | |
dc.description | Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2016 | nb_NO |
dc.description.abstract | In this paper we empirically examine the house price dynamics in the Oslo
market. Housing prices in Oslo have been a searing topic in the last couple of
years, thus, we believe this will be an important contribution to the literature.
First, we will examine how the price to rent ratio together with the extrapolative
expectations explain the housing prices in Oslo today. In addition, we want to
look at all the macro-economic factors and test how well they explain the housing
prices. From the Granziera & Kozicki (2012) approach we simulate the price to
rent ratio with very good results. This is further backed up by applying the Vector
Error Correction framework which finds that in both the long and the short-run
we find explanatory effects of extrapolative expectations towards the price to rent
ratio. These explanatory effects are also found in other certain macro-economic
variables. | nb_NO |
dc.language.iso | eng | nb_NO |
dc.publisher | BI Norwegian Business School | nb_NO |
dc.subject | finans | nb_NO |
dc.subject | finance | nb_NO |
dc.subject | financial economics | nb_NO |
dc.title | House Price Dynamics : Analysis of the Oslo Market | nb_NO |
dc.type | Master thesis | nb_NO |