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dc.contributor.authorHamang, Snorre Hveding
dc.contributor.authorWeberg, Simen Embret
dc.date.accessioned2022-12-20T09:00:31Z
dc.date.available2022-12-20T09:00:31Z
dc.date.issued2022
dc.identifier.urihttps://hdl.handle.net/11250/3038745
dc.descriptionMasteroppgave(MSc) in Master of Science in Business, Economics/Masteroppgave(MSc) in Master of Business - Handelshøyskolen BI, 2022en_US
dc.description.abstractIn this thesis we look at the effect of loan-to-value (LTV) requirements on the Norwegian housing market during 2010-2013. We test how and to what extend this macroprudential policy would affect local areas with typically many first-time buyers, relative to areas with fewer first-time buyers. The data consists of house price information on Oslo and Bærum, Bergen, Stavanger and Trondheim, with their surrounding municipalities. The research is conducted using a flexible difference-in-differences model. We conclude that house prices relatively increased in areas with a high share of first-time buyers, compared to areas with a low share of first-time buyers, following the 2010 LTV regulation. The thesis will present two possible explanations for this relative price increase, which will be presented in the discussion. Using theory that links credit, leverage regulation and house prices. We conclude that the reallocation of demand of first-time buyers, is the reason for the observed relative price increase in local housing markets with a high share of first-time buyers versus a low share of first-time buyers.en_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectbusinessen_US
dc.subjectsamfunnsøkonomi economicsen_US
dc.titleDo loan-to-value requirements matter for local house prices in Norway?en_US
dc.typeMaster thesisen_US


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