Determinants of residential property prices in Germany: Evidence from a structural approach

We use a GMM approach to estimate the impact of standard macroeconomic variables on house prices in Germany. In order to avoid interpolation of house price data we use annual data and look separately at the demand and supply side. Our findings suggest that nominal and real house prices in Germany are reasonably well explained by disposable income, population growth, construction costs and to a lesser extent by nominal interest rates.

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Year of publication:	2010
Authors:	Kajuth, Florian
Publisher:	Frankfurt a. M. : Verein für Socialpolitik
Subject:	Residential property prices \| GMM \| housing demand and supply

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Series:	Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: How Reliable are German Aggregate Price Indices? ; F2-V1
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Conference Paper
Language:	English
Other identifiers:	65482228X [GVK] hdl:10419/37456 [Handle]
Classification:	R21 - Housing Demand ; R31 - Housing Supply and Markets ; E21 - Consumption; Saving
Source:	EconStor

Persistent link: https://www.econbiz.de/10010270201