This paper introduces new real estate price indices for 18 major German cities and their neighborhoods (Stadtbezirke) as well as a new composite indicator for the German housing market - the German Real Estate Index (GREIX). The series are constructed on the basis of long-run transaction level...

Urbanization is undoubtedly a key driver of development -- cities provide the national platform for prosperity, job creation, and poverty reduction. But urbanization also poses enormous challenges that one is familiar with: congestion, air pollution, social divisions, crime, the breakdown of...

Die Wohnungsmärkte in Deutschland sind aktuell starken Veränderungsprozessen unterworfen. Diese sind einerseits soziodemografisch bedingt und schlagen sich mit der Entwicklung der Alters- und der Sozialstruktur unmittelbar auf die Nachfragesituation auf den Wohnungsmärkten nieder. Parallel...

In recent months, pictures of millions of homes flattened and washed away by the Indian Ocean Tsunami of 26 December, 2004, have been seen on the media. Housing vulnerability is an obvious component of the disaster; the centrality of housing to the material losses suffered, the apparent ease...

Urbanization is undoubtedly a key driver of development -- cities provide the national platform for prosperity, job creation, and poverty reduction. But urbanization also poses enormous challenges that one is familiar with: congestion, air pollution, social divisions, crime, the breakdown of...

This paper introduces new real estate price indices for 18 major German cities and their neighborhoods (Stadtbezirke) as well as a new composite indicator for the German housing market - the German Real Estate Index (GREIX). The series are constructed on the basis of long-run transaction level...

Die Bedarfe an neuen Wohnungen und Häusern sind in vielen Städten und Gemeinden sehr hoch und werden nicht durch ein ausreicheichendes Wohnungsangebot gedeckt. Insgesamt werden im Zeitraum 2021 bis 2025 jedes Jahr 372.600 neue Wohnungen benötigt. Zwischen 2021 und 2023 wurden hingegen...

We simulate a closed rental housing market with search and matching frictions, in which both landlord and tenant agents are imperfectly informed. Homogeneous landlords set rents to maximise revenue, using information on the market to estimate the relationship between posted rent and...