How do taxation and regulation affect the real estate market?
Rent caps can have significant unintended consequences through lower housing supply. Instead of making housing more affordable, purchase subsidies have provided a windfall for sellers. The real estate transfer tax levied on properties' purchase price substantially decreases property prices. The Covid-19 pandemic may leave long-lasting impacts on Germany's housing market. Policymakers would be well advised to take into account such trends and side effects when formulating policy
Year of publication: |
2022
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Authors: | Dolls, Mathias ; Gstrein, David ; Krolage, Carla ; Neumeier, Florian |
Published in: |
EconPol Forum. - ISSN 2752-1184. - Vol. 23.2022, 5, p. 65-69
|
Publisher: |
Munich : CESifo GmbH |
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