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dc.contributor.authorOdden, Andreas
dc.contributor.authorSvensvik, Øyvind Walheim
dc.date.accessioned2021-10-14T10:42:31Z
dc.date.available2021-10-14T10:42:31Z
dc.date.issued2021
dc.identifier.urihttps://hdl.handle.net/11250/2822960
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2021en_US
dc.description.abstractThis thesis studies the nominal- and risk-adjusted returns from direct residential real estate investments in Oslo, for different dwelling types and areas, and compare with returns offered by OSEFX. We develop a hedonic regression model, to estimate individual home prices for each quarter between 2010 and 2020. We implement costs and compute different return series for each dwelling. We find that neither dwelling type or district in Oslo offers superior average asset returns, independent of cost structure. All dwelling types and districts offer lower variances and superior risk-adjusted asset returns, given a specific cost structure. We conclude that for a short-term horizon, the OSEFX are superior on both average and risk-adjusted returns. The long-term return to equity offers significantly higher average- and risk-adjusted returns.en_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectfinansen_US
dc.subjectfinanceen_US
dc.titleDirect Residential Real Estate in Oslo, Risk, Return and Comparison to the Equity Marketsen_US
dc.typeMaster thesisen_US


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