Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour … costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and … beginning of the century. Germany is an exception. A large increase in the prices of buildings, structures and lands for private …

a possible overheating in the market. One approach to assess price development of real estate markets is the so …