Are we living in a bubble?

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorLof, Matthijs
dc.contributor.authorKosonen, Marjo
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2017-08-17T08:19:26Z
dc.date.available2017-08-17T08:19:26Z
dc.date.issued2016
dc.description.abstractHousing prices in Helsinki metropolitan area have risen rapidly ever since the mid-nineties. This has led to speculation on housing being overvalued in Helsinki metropolitan area. Some even fear that we are living in a housing bubble that is about to burst. In this paper I studied whether we have a housing bubble in Helsinki metropolitan area. I investigated this by testing if fundamental factors, such as income and lending rate, justify the increase in housing prices. This was done with a cointegration analysis. Based on my analysis housing prices reflect the fundamentals, meaning that we do not have a housing bubble in Helsinki metropolitan area.en
dc.format.extent30
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/27660
dc.identifier.urnURN:NBN:fi:aalto-201708176564
dc.language.isoenen
dc.programmeRahoitusfi
dc.subject.keywordhousing marketen
dc.subject.keywordhousing pricesen
dc.subject.keywordhousing bubbleen
dc.subject.keywordADF-testen
dc.subject.keywordcointegrationen
dc.subject.keywordEngle-Granger testen
dc.titleAre we living in a bubble?en
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
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