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Financialisation and rental housing: A case study of Berlin
Davies, Clementine - 2021
This paper seeks to understand the extent financialisation has had an impact on the rental housing market in Berlin …, publicly listed, commercial rental housing companies in Berlin are examined for three operationalisations of financialisation … orientation and short termism. Implications for the supply, price and quality of rental housing in Berlin are discussed. …
Persistent link: https://www.econbiz.de/10012420679
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Prices and Constant Quality Price Indexes for Multi-Dwelling and Commercial Buildings in Sweden
Berg, Lennart - 2001
The purpose of this paper is to estimate constant quality price trends and analysing factors determining market prices for MDCBs (multi-dwelling and commercial buildings) in Sweden. We use high quality data for housing and municipality attributes and our database consists of almost 8500...
Persistent link: https://www.econbiz.de/10010321787
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Is a lack of a credible commitment a credible explanation for war?
Wittman, Donald - 2007
This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...
Persistent link: https://www.econbiz.de/10010322731
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The clash of rural-urban migrants and real estate investors on Phnom Penh's housing market: Prospects for garment workers
Buttmann, Vera - 2017
Housing markets of large cities around the world, particularly in so-called developing and emerging countries, are currently experiencing a clash: On the one hand, large numbers of labour migrants arrive from rural areas and need cheap rental housing. On the other hand, international real estate...
Persistent link: https://www.econbiz.de/10011684599
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House price cycles, housing systems, and growth models
Kohler, Karsten; Tippet, Ben; Stockhammer, Engelbert - 2022
The paper provides a framework for theorising the role of house price cycles in national growth models. We synthesise Minskyan approaches with comparative political economy (CPE) by arguing that institutions influence the extent to which countries experience what we call 'house price-driven...
Persistent link: https://www.econbiz.de/10013464273
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The short and the long of it: Stock-flow matching in the US housing market
Smith, Eric; Xie, Zoe; Fang, Lei - 2022
This paper investigates the US housing market from just before the Great Recession onward (2006-19) and assesses the viability of stock-flow matching in generating the observed outcomes. The paper documents that the probability that a house sells declines sharply after listing for two weeks....
Persistent link: https://www.econbiz.de/10014278257
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The good, the bad, and the ordinary: Estimating agent value-added using real estate transactions
Cunningham, Christopher R.; Gerardi, Kristopher; Shen, Lily - 2022
Despite the prevalence and high cost of real estate agents, there is limited empirical evidence as to the nature or efficacy of their services. In this paper we estimate real estate agents' value-added when either selling or buying homes using data from three large multiple listing services...
Persistent link: https://www.econbiz.de/10014278405
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Investment incentives of rent controls and gentrification: Evidence from German micro data
Baye, Vera; Dinger, Valeriya - 2023
We empirically document that the effectiveness of the German rent control introduced in 2015 in achieving rental housing affordability is limited. Exploring the reasons for this limited effectiveness we focus on the impact of the rent control on the yield on rental housing investments proxied by...
Persistent link: https://www.econbiz.de/10014327939
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Do homeowners associations mitigate or aggravate negative spillovers from neighboring homeowner distress?
Cheung, Ron; Cunningham, Chris; Meltzer, Rachel - 2013
Experiences reveal that the monitoring costs of the foreclosure crisis may be nontrivial, and smaller governments may have more success at addressing potential negative externalities. One highly localized form of government is a homeowners association (HOA). HOAs could be well-suited for...
Persistent link: https://www.econbiz.de/10010397694
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Late starters or excluded generations? A cohort analysis of catch up in homeownership in England
Bottazzi, Renata; Crossley, Thomas F.; Wakefield, Matthew - 2012
We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in ownership between generations. Our data span nearly forty years and multiple cycles of England's very volatile house prices. We document that ownership rates at thirty have differed...
Persistent link: https://www.econbiz.de/10010500216