Price Behavior and Capital Gains on Residential Real Estate: The Case of Sweden*
研究了瑞典战后独栋住宅和公寓价格的不同走势，发现独栋住宅实际资本收益约占GNP的3%，而公寓常无实际收益，并提供了估算已实现资本收益的间接方法。
During most of the postwar period the increase of the prices of single‐family homes in Sweden have exceeded the general inflation, while for several years the opposite is true of apartment houses. We discuss the reasons and present estimates of capital gains attached to this price behavior. It turns out that apartment houses have often yielded nominal but no real capital gains. Single‐family homes have yielded real accrued capital gains amounting to approximately 3% of GNP during the period 1963–1976. We also present a rough indirect method of estimating realized capital gains, first disregarding, and then including the effects of loans.