Are we living in a bubble?
dc.contributor | Aalto University | en |
dc.contributor | Aalto-yliopisto | fi |
dc.contributor.advisor | Lof, Matthijs | |
dc.contributor.author | Kosonen, Marjo | |
dc.contributor.department | Rahoituksen laitos | fi |
dc.contributor.school | Kauppakorkeakoulu | fi |
dc.contributor.school | School of Business | en |
dc.date.accessioned | 2017-08-17T08:19:26Z | |
dc.date.available | 2017-08-17T08:19:26Z | |
dc.date.issued | 2016 | |
dc.description.abstract | Housing 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.extent | 30 | |
dc.format.mimetype | application/pdf | en |
dc.identifier.uri | https://aaltodoc.aalto.fi/handle/123456789/27660 | |
dc.identifier.urn | URN:NBN:fi:aalto-201708176564 | |
dc.language.iso | en | en |
dc.programme | Rahoitus | fi |
dc.subject.keyword | housing market | en |
dc.subject.keyword | housing prices | en |
dc.subject.keyword | housing bubble | en |
dc.subject.keyword | ADF-test | en |
dc.subject.keyword | cointegration | en |
dc.subject.keyword | Engle-Granger test | en |
dc.title | Are we living in a bubble? | en |
dc.type | G1 Kandidaatintyö | fi |
dc.type.ontasot | Bachelor's thesis | en |
dc.type.ontasot | Kandidaatintyö | fi |