-of-sample forecasting exercise, we find that both pooling and accounting for spatial effects helps to substantially improve the forecast …

improving the forecasts, given the local nature of the real-estate markets. The forecast accuracy of different predictors is … useful, namely the business confidence at the national level, consumer confidence, and price-to-rent ratios. Given the short … sample size, the combinations of individual forecast do not improve the forecast accuracy. On average, the forecast …

confidence at the national level, consumer confidence, and price-to-rent ratios. Even better forecast precision can be achieved … reductions. Since the end of 2010, after more than a decade of falling real housing prices, strong rent and especially price … hand, the tenants that constitute a majority of German population are afraid of substantial rent increases that will erode …

In this paper, we evaluate the forecasting ability of 145 indicators and ten types of forecast combination schemes to … facilitate substantial improvements of the forecasts, given the local nature of the real-estate markets. The forecast accuracy of … that are especially useful, namely price-to-rent ratios, the business confidence at the national level, and consumer …