Working Paper Series, Department of Real Estate and Construction Management & Centre for Banking and Finance (cefin), Royal Institute of Technology
Challenges in property management within the Swedish cooperative housing sector
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.
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.
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
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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