Purpose – The purpose of this paper is to show that general‐ and special‐purpose properties have to be dealt with differently by the public sector. Design/methodology/approach – Application of standard economic theory concerning pricing of properties and infrastructure. The issues are...

This study addresses how property appraisers forecast one important component of the commercial property valuation model: net operating income. We compare appraisers’ <italic>ex ante</italic> forecasts with corresponding <italic>ex post</italic> figures from company financial reports. The data are from the Swedish Property...

We analyse whether segregation exists in the rental housing market in Stockholm, Sweden, a market under persistent and all-embracing, yet “soft”, rent control. We use segregation measures for the uncontrolled cooperative housing segment as benchmarks for analysing whether rent control...

Assessors perform property valuations for the purpose of tax assessment. Buyers and sellers make investment decisions culminating in a market price. The valuation by assessors is supposed to be fair and equitable and to amount to a prescribed proportion of market value. We investigate the...

The effect of distance from the city centre on selling price, tax assessment and gross income is investigated for income property in proximity to the city centre. Hedonic estimation with a multiplicative model specification is used to estimate the relationship between property characteristics on...

Purpose This paper aims to examine tenure choice in the Swedish housing market with explicit consideration of households’ credit constraints in combination with age and ethnic background. Design/methodology/approach Observations of some 940,000 households were used to analyse the Stockholm...

Real estate market data often contain outliers in the observations. Since outliers have a large influence on least squares estimates, robust regression methods have been recommended for this situation. Compares the performance of least squares and least median of squares, a robust method, in the...

Purpose – This explorative case study focuses on property investment decision making from a behavioural perspective at the very microlevel. The study contributes to an understanding of how property investors manage the decision‐making process, including organizational aspects, property...