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Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology Working Paper Series, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology

No 16/1:
Challenges in property management within the Swedish cooperative housing sector

Henry Muyingo ()

Abstract: Purpose - The paper investigates the challenges to property management in the tenant-owner cooperative (TOC) housing sector in Sweden which accounts for 22% of the housing stock in the country as compared to an average of 10% in the rest of Europe.

Design/methodology/approach - A qualitative descriptive approach is used in the paper in which semi-structured interviews of governing committee members in 12 TOCs; a questionnaire on operation and management strategies sent to chairpersons in 725 TOCs as well as a questionnaire on issues related to energy efficiency sent to chairpersons in 91 TOCs provide the empirical data. This is complemented by an analysis of financial reports.

Findings The paper provides indications that most of the challenges identified are related to the lack of a long-term perspective in the decision-making due to various principal-agent related problems. There appears to be an exploitation of the TOC sector by construction companies especially in cooperatives with newly constructed buildings.

Research limitations/implications Because of the chosen sampling method and research approach, the presented results may lack generalisability. Thus, researchers are encouraged to carry out further studies.

Practical implications - The paper highlights the need for knowledge sharing as well as enhancement of competence in procuring outsourced services.

Originality/value This paper fulfils the need for more research into the large but rarely studied TOC sector governed by amateurs in property management.

Paper type - Research Paper

Keywords: Property management; cooperative housing; tenant-owner; multi-owner housing; Sweden; (follow links to similar papers)

JEL-Codes: M21; R30; (follow links to similar papers)

15 pages, February 8, 2016

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