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A Theoretical Framework for Housing Conveyances on National Markets
Malmö University, Faculty of Education and Society (LS), Department of Society, Culture and Identity (SKI).ORCID iD: 0000-0003-0018-8720
Malmö University, Faculty of Culture and Society (KS), Department of Urban Studies (US).ORCID iD: 0000-0001-5547-0710
2022 (English)In: The Routledge Companion to International Housing Markets / [ed] Magnus Andersson, Peter Palm, Helena Bohman, Béatrice Balivet, Omokolade Akinsomi, London: Routledge, 2022Chapter in book (Refereed)
Abstract [en]

As the property market becomes more global, so too have certain differences between national property markets become apparent. The role of institutions has long been acknowledged within economic theory. It is safe to say that today there is a joint view among most institutionalists that institutions can be divided into those that are formal (laws, rules, etc.) and those that are informal (norms, religion, etc.). Institutions derive from historical heritage and are encapsulated and coded with information of past experiences and therefore are historically context specific. Transaction cost theory highlights how exchange is accompanied by several different costs. In conclusion, institutions involving both formal and informal activities surround the property market. However, the formal aspect of institutions is particularly important for property conveyances, as homes to a large extent have been transformed into economic concepts.

Place, publisher, year, edition, pages
London: Routledge, 2022.
Series
Routledge International Handbooks, ISSN 2767-4886
Keywords [en]
real estate, institutions, transaction cost
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:mau:diva-51570DOI: 10.1201/9781003130383-3ISBN: 9781003130383 (electronic)OAI: oai:DiVA.org:mau-51570DiVA, id: diva2:1659770
Available from: 2022-05-21 Created: 2022-05-21 Last updated: 2024-01-11Bibliographically approved

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Håkansson, Peter GladoicPalm, Peter

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