The Swedish property crisis in retrospect: a new look at appraisal bias
real estate, property, prices, Sweden
In the early 1990s, Sweden suffered from a severe property crisis. This study aims to analyze the market for income properties in Sweden over a 20‐year period, 1980‐2000, taking a fresh look at describing the depth of the property crisis. The study specifically attempts to examine if appraisal bias was present when the state‐owned Nordbanken bank foreclosed on a large number of properties.
Enstroem, R. (2005). The Swedish property crisis in retrospect: a new look at appraisal bias. Journal of Property Investment & Finance, 23(2), 148–164.
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