speculative bubbles in Germany over the sample period 1987Q3 - 2012Q4. Overall, we find that actual house prices are not … significantly disconnected from underlying economic fundamentals. Thus, there is no evidence of speculative house price bubbles in …

speculative bubbles in Germany over the sample period 1987Q3-2012Q4. Overall, we find that actual house prices are not … significantly disconnected from underlying economic fundamentals. Thus, there is no evidence of speculative house price bubbles in …

Durch die Niedrigzinspolitik der EZB ist der Immobilienmarkt der Gefahr einer Preisblase ausgesetzt. Da eine … banks, and long rate fixation periods may counteract the development and impact of price bubbles. This might improve the …

this paper, we test for speculative house price bubbles in 127 large German cities over the last 20 years. Along with … testing bubbles for each city separately, we apply two new testing approaches: a panel data and principal components version …. Therefore, to check for the existence of bubbles, we examine prices, rents, and price-to-rent ratios. We find evidence for …

may, however, be bubbles on the local level —primarily in the relatively small segment of new multi-story apartment …