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The effect of minimum parking requirements on the housing stock
Kungliga Tekniska Högskolan.
Swedish National Road and Transport Research Institute, Society, environment and transport, Transport economics, TEK.
Kungliga Tekniska Högskolan.
WSP Analysis & Strategy.
2016 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 49, 206-215 p.Article in journal (Refereed) Published
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Text
Abstract [en]

The cost of parking is in many cities subsidized and instead channelled through higher housing prices, wages, taxes, etc. The effects on other markets are principally well known, but the work on the area is limited. In this paper, we study how parking norms affect the size of the housing stock. Our analysis is based on a model of the rental, asset- and construction markets, the results are quality-assured by interviews with market actors. Prices and profits are affected when constructors are forced, through parking norms, to build more parking spaces than the customers demand. Parking norms reduce the housing stock by 1.2% and increase rents by 2.4% (SEK 300) in our example suburb.

Place, publisher, year, edition, pages
2016. Vol. 49, 206-215 p.
Keyword [en]
Parking, Economics, Supply, Subsidy, Impact study
National Category
Economics
Research subject
00 Road: General works, surveys, comprehensive works, 02 Road: Economics
Identifiers
URN: urn:nbn:se:vti:diva-10669DOI: 10.1016/j.tranpol.2016.05.005ScopusID: 2-s2.0-84965179224OAI: oai:DiVA.org:vti-10669DiVA: diva2:930670
Available from: 2016-05-25 Created: 2016-05-25 Last updated: 2016-05-25Bibliographically approved

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf