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Mortgage Market Maturity and Homeownership Inequality among Young Households: A Five-Country Perspective

Bicakova, Alena; Sierminska, Eva - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

This paper uses the newly constructed Luxembourg Wealth Study data to document cross-country variation in homeownership … rates and the homeownership-income inequality among young households in Finland, Germany, Italy, the UK and the US, and … relate it to cross-country differences in mortgage market maturity. We find that aside from Italy, homeownership rates and …

Persistent link: https://www.econbiz.de/10005069036

The Market Value of Energy Efficiency in Buildings and the Mode of Tenure

Kholodilin, Konstantin A.; Michelsen, Claus - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

Concerns about global warming and growing scarcity of fossile fuels require substantial changes in energy consumption patterns and energy systems, as targeted by many countries around the world. One key element to achieve such transformation is to increase energy efficiency of the housing stock....

Persistent link: https://www.econbiz.de/10011266598

Small Might Be Beautiful, but Bigger Performs Better: Scale Economies in "Green" Refurbishments of Apartment Housing

Michelsen, Claus; Rosenschon, Sebastian; Schulz, Christian - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

The energy efficiency of the residential housing stock plays a key role in strategies to mitigate climate change and global warming. In this context, it is frequently argued that private investment and the quality of thermal upgrades is too low in the light of the challenges faced and the...

Persistent link: https://www.econbiz.de/10011266600

The Spatial Dimension of US House Price Developments

Pijnenburg, Katharina - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Spatial heterogeneity and spatial dependence are two well established aspects of house price developments. However, the analysis of differences in spatial dependence across time and space has not gained much attention yet. In this paper we jointly analyze these three aspects of spatial data. We...

Persistent link: https://www.econbiz.de/10010896181

Internet Offer Prices for Flats and Their Determinants: A Cross Section of Large European Cities

Kholodilin, Konstantin A. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

In this paper, we construct a data set of Internet offer prices for flats in 48 large European cities from 24 countries. The data are collected in January - April 2012 from 33 websites, where the advertisements of flats for sale are placed. Using these data we investigate the determinants of the...

Persistent link: https://www.econbiz.de/10010896200

Location, Location, Location: Extracting Location Value from House Prices

Kolbe, Jens; Schulz, Rainer; Wersing, Martin; Werwatz, Axel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with...

Persistent link: https://www.econbiz.de/10010896204

Noise Expectation and House Prices

Mense, Andreas; Kholodilin, Konstantin A. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

In this paper, we examine the effects of an airport expansion on the prices of houses and flats located under the planned flight corridors. We focus on the role of expectations about the exposure to noise and find that proximity to the planned corridors significantly reduces real estate prices...

Persistent link: https://www.econbiz.de/10010783990

Die Auswirkungen der Geldmenge und des Kreditvolumens auf die Immobilienpreise: ein ARDL-Ansatz für Deutschland

Belke, Ansgar - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

Die aktuellen Finanzmarktturbulenzen wurden durch Entwicklungen im Immobiliensektor ausgelöst. Vor diesem Hintergrund analysiert dieser Beitrag den Zusammenhang zwischen den Immobilienpreisen und der Geldmengen- und Kreditvolumensentwicklung für den Zeitraum 1992 -2006 (westdeutsche...

Persistent link: https://www.econbiz.de/10008509517

Ethnic Identity and Immigrant Homeownership

Constant, Amelie; Roberts, Rowan; Zimmermann, Klaus F. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

tenure choice by explicitly accounting for ethnic identity as a potential influence on the homeownership decision, using a … suggests that immigrants with a stronger commitment to the host country are more likely to achieve homeownership for a given …

Persistent link: https://www.econbiz.de/10004963640

How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets?: Evidence from China

Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015

This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...

Persistent link: https://www.econbiz.de/10011276389