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House price expectations
Gohl-Greenaway, Niklas; Haan, Peter; Michelsen, Claus; … - 2022
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and...
Persistent link: https://www.econbiz.de/10012819576
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Real estate companies' size and the production of energy-efficient housing services : evidence from Germany's apartment housing market ; conference paper
Michelsen, Claus; Rosenschon, Sebastian; Schulz, Christian - 2013
This paper investigates the effect of a housing company's size on the outcome of energetic refurbishment. We argue that economies of scale, economies of scope and effects of learning have an impact on the production of energy-efficient housing services. To test our hypothesis, we use unique data...
Persistent link: https://www.econbiz.de/10010344604
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Airbnb and rental markets : evidence from Berlin
Duso, Tomaso; Michelsen, Claus; Schäfer, Maximilian; … - 2021
We exploit two policy interventions in Berlin, Germany, to causally identify the impact of Airbnb on rental markets. While the first intervention significantly reduced the number of high-availability Airbnb listings bookable for most of the year, the second intervention led to the exit of...
Persistent link: https://www.econbiz.de/10012515043
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Airbnb and rents : evidence from Berlin
Duso, Tomaso; Michelsen, Claus; Schäfer, Maximilian; … - 2020
Cities worldwide have regulated peer-to-peer short-term rental platforms claiming that those platforms remove apartments from the long-term housing market, causing an in- crease in rents. Establishing and quantifying such a causal link is, however, challenging. We investigate two policy changes...
Persistent link: https://www.econbiz.de/10012258925
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What happened to the East German housing market? : a historical perspective on the role of public funding
Michelsen, Claus; Weiß, Dominik - 2009
Ungleichgewichts auf dem ostdeutschen Wohnungsmarkt durch die umfängliche Förderpolitik in der Nachwendezeit verursacht wurde … Wohnungsmarkt in Gesamtostdeutschland nicht festgestellt werden. Vielmehr ist festzuhalten, dass die Entwicklungen auf der … Angebotsseite zu den beobachtbaren Überhängen auf dem Wohnungsmarkt geführt haben. -- Transformation des Immobilienmarkts …
Persistent link: https://www.econbiz.de/10003928716
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The market value of energy efficiency in buildings and the mode of tenure
Kholodilin, Konstantin; Michelsen, Claus - 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/10010374139
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House price expectations
Gohl-Greenaway, Niklas; Haan, Peter; Michelsen, Claus; … - 2022
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and...
Persistent link: https://www.econbiz.de/10012815055
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House price expectations
Gohl-Greenaway, Niklas; Haan, Peter; Michelsen, Claus; … - 2022
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale offerings, satellites, and from an...
Persistent link: https://www.econbiz.de/10012938784
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House Price Expectations
Gohl-Greenaway, Niklas; Haan, Peter; Michelsen, Claus; … - 2022
This study examines short-, medium-, and long-run price expectations in housing markets. We derive and test six hypothesis about the incidence, formation, and relevance of price expectations. To do so, we use data from a tailored household survey, past sale and rental offerings, satellites, and...
Persistent link: https://www.econbiz.de/10013307319
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Speculative bubbles in urban housing markets in Germany
Kholodilin, Konstantin; Michelsen, Claus; Ulbricht, Dirk - 2015
In the light of the unconventional monetary policies conducted by the majority of large central banks around the world, there is an intense debate about their potential impact on the prices of capital assets. Particularly in Germany, skepticism about the sustainability of the recent policy by...
Persistent link: https://www.econbiz.de/10011485154