Unal, Umut; Hayo, Bernd; Erol, Isil - 2022
This study provides evidence of the causal impact of immigration on German house prices, flat prices, and flat rents …-term effect on German flat prices and rents. House prices are not significantly affected. We estimate that an increase in … rents of about 1%. The increase in flat prices is more than twice as high as this at the lower end of the market, whereas …