We combine the real estate model of Potepan (1996) with the spatial equilibrium approach of Roback (1982) to prove the interdependency of housing prices, rental prices, building land prices and income via one simultaneous equilibrium analysis. Using unique cross-sectional data on the majority of...

We estimate changes in the value and price of residential land for 379 German counties ("Landkreise") from 2014 to 2017 using a total of 42,685 observations. We use the two-step residual method that decomposes the value of a home into the value of the structure and land value. Despite the short...

We estimate spatial German land price effects using the county-level residential land prices from 2014 to 2018. We show that county-level spatial agglomeration effects play a large and significant role in explaining the cross-county variations in land prices. For example, a 1 % increase in the...

This thesis analyzes the dynamic of fiscal capitalization across space and over time in the Canton of Zurich. While the literature provides a profusion of evidence on capitalization, there is still a controversy on the extent to which local fiscal variables capitalize into house values and on...

We analyze the extent to which sales prices for residential housing react to rent-price regulation. To this end, we exploit changes in apartment prices across the regulation treatment threshold. We examine a quasi-natural design in the German federal state of Brandenburg using transaction price...

Cities have recognized the local impact of small craft breweries, altering municipal codes to make it easier to establish breweries as anchor points of economic development and revitalization. However, we do not know the extent to which these strategies impact change at the neighborhood scale...

Trotz umfangreicher staatlicher Programme zur Bekämpfung von Obdachlosigkeit kann diese mit den üblicherweise eingesetzten Mitteln nur verringert, aber nicht gänzlich beseitigt werden. Deshalb ist es wichtig, zusätzliche Faktoren, die zur Entstehung von Obdachlosigkeit beitragen, zu...

Die aktuellen Finanzmarktturbulenzen wurden durch Entwicklungen im Immobiliensektor ausgelöst. Vor diesem Hintergrund analysiert dieser Beitrag den Zusammenhang zwischen den Immobilienpreisen und der Geldmengen- und Kreditvolumensentwicklung für den Zeitraum 1992 -2006 (westdeutsche...

This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...

We investigate whether initial differences in speed of entry into homeownership lead to longlasting differences in ownership between generations. Our data span nearly forty years and multiple cycles of England's very volatile house prices. We document that ownership rates at thirty have differed...