Die Dynamik des Wohnimmobilienmarktes wird insbesondere durch die Veränderung der Einkommen junger Haushalte bestimmt. Zu diesem Ergebnis kommt eine neue Studie des ifo Instituts über "Fluktuationen des Wohnimmobilienmarktes", in der ein für die USA und Großbritannien entwickelter...

The renewed momentum in the German housing market has led to concerns that Germany is vulnerable to asset price shocks. In this paper, we apply recently developed recursive unit root tests to detect the beginning and the end of potential speculative bubbles in Germany over the sample period...

In this paper, we evaluate the forecasting ability of 145 indicators and ten types of forecast combination schemes to predict housing prices and rents in 71 German cities. We are interested in whether local business confidence indicators facilitate substantial improvements of the forecasts,...

This paper examines the effects of real estate transfer taxes (RETT) on property prices using a rich micro dataset of roughly 17 million German properties for the period from 2005 to 2019. We exploit a 2006 constitutional reform that allows states to set their own RETT rates, leading to frequent...