Commercial properties play a central role in economics. They are the most important real estate investment class for institutional investors, even more important than the housing market. On the other hand corporations and self-employed people consider commercial properties as input factors, for...

Home ownership rates in Germany have increased substantially in recent years. However, the rate still remains on a very low level and shows significant differences across regions. The reasons for these differences and the last developments are not clear. Generally, the decision between renting...

Using a panel data approach the relevance of labour market fluctuations for rents and vacancy rates in the German office property market are investigated. Based on occupational labour market data the number of office workers in Germany and in the 20 biggest cities is thereby calculated. For the...

"Using panel data augmented Fama-Schwert regressions this study analyses the inflation hedging properties of different types of real estate assets. The results reveal that real estate equities like other equities, too, do not provide any hedge against inflation. Moreover, the correlation is...

Due to globalisation and monetary integration the macroeconomic conditions for industrial countries have become more and more equally. Based on a factor analysis we examine if the synchronisation of business cycles also affected the co-movement of house prices in OECD-countries for the period of...

Since the beginning of the financial crises in 2008 the ongoing liquidity problems of German Open Ended Funds (GOEFs) peaked as more and more institutional investors withdrew their capital. This capital movement forced a variety of funds to stop redemptions and currently about one third of the...