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...

This work exploits the natural experiment provided by the unexpected disintegration of socialist East Germany to study the impact of the mass immigration of East Germans on housing rents in West German metropolitan areas. Using a spatial correlation approach, annual district-level migration data...

Intro -- Preface -- Contents -- List of Figures -- List of Tables -- List of Abbreviations -- List of Symbols -- 1 Introduction -- 2 Background -- 2.1 Related Literature -- 2.2 Historical Background -- 3 Empirical Strategy and Data -- 3.1 Empirical Strategy -- 3.2 Data -- 3.2.1 Geography --...