caa a22 4500 445316640 CHVBK 20180317142650.0 cr unu---uuuuu 170323e20110401xx s 000 0 eng 10.1007/s11146-009-9213-z doi (NATIONALLICENCE)springer-10.1007/s11146-009-9213-z The Impact of Financial Arrangements and Institutional Form on Housing Prices [Elektronische Daten] [Karl Robertsen, Theis Theisen] Dwellings in housing cooperatives constitute 15% of the Norwegian housing property market. The price paid for such dwellings consists of two elements: An equity price and a share of the mutual debt held by the cooperative. The interest rate paid on the housing cooperative's mutual debt is in Norway lower than the interest rate paid on private loans. This gives rise to an "interest discount effect”. We find convincing empirical support for the interest discount effect, which contributes to a higher equity price for dwellings in housing cooperatives than for self-owned dwellings. On the other hand, we also find empirical support for a co-op discount of 9.3%. The co-op discount work in the direction of making cooperative dwellings more affordable. Springer Science+Business Media, LLC, 2009 Housing prices nationallicence Cooperative housing nationallicence Condominiums nationallicence Credit rationing nationallicence Robertsen Karl Department of Economics and Business Administration, University of Agder, Servicebox 422, 4604, Kristiansand S, Norway aut Theisen Theis Department of Economics and Business Administration, University of Agder, Servicebox 422, 4604, Kristiansand S, Norway aut The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 42/3(2011-04-01), 371-392 0895-5638 42:3<371 2011 42 11146 https://doi.org/10.1007/s11146-009-9213-z text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11146-009-9213-z text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Robertsen Karl Department of Economics and Business Administration, University of Agder, Servicebox 422, 4604, Kristiansand S, Norway aut NATIONALLICENCE 700 1- Theisen Theis Department of Economics and Business Administration, University of Agder, Servicebox 422, 4604, Kristiansand S, Norway aut NATIONALLICENCE 773 0- The Journal of Real Estate Finance and Economics Springer US; http://www.springer-ny.com 42/3(2011-04-01), 371-392 0895-5638 42:3<371 2011 42 11146 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer