Showing 1 - 10 of 2,701
This paper examines the short-run immigration effects on prices for owner-occupied housing and rents in Switzerland, exploiting regional variation at the level of 106 local labour markets ("Mobilité Spatiale" regions) and 26 cantons, respectively. We propose two empirical strategies that...
Persistent link: https://www.econbiz.de/10013547711
on Germany-where half of households rent-we find that expansionary monetary policy significantly boosts property prices …-to-home moves, and renters make more rent-to-rent transitions. The results suggest that accommodative monetary policy can widen … price-to-rent ratios, fueling housing affordability pressures and potentially exacerbating the wealth gap between owners and …
Persistent link: https://www.econbiz.de/10015178380
House prices have risen rapidly in most advanced economies. This paper examines to which extent house prices have affected rental markets in 9 advanced economies. The analysis reveals that the short-term pass-through of house prices to rents is typically limited: ceteris paribus, a 10% increase...
Persistent link: https://www.econbiz.de/10013292882
This paper examines the short-run immigration effects on prices for owner-occupied housing and rents in Switzerland, exploiting regional variation at the level of 106 local labor markets ("Mobilité Spatiale" regions) and 26 cantons, respectively. We propose two empirical strategies that exploit...
Persistent link: https://www.econbiz.de/10014506553
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 rent-price ratios which we derive by matching micro-level quotes …
Persistent link: https://www.econbiz.de/10013502439
We conduct a comprehensive international study of predictability in housing markets using the rent-price ratio as a …-premia, but we also document two puzzles. First, there is a highly unstable predictive pattern in rent growth across countries and …
Persistent link: https://www.econbiz.de/10013036157
We introduce a novel, non-parametric approach for estimating house price indices that capture heterogeneous price developments independently of strict functional form assumptions. Utilizing the potential outcomes framework, our approach employs causal forests to effectively address changes in...
Persistent link: https://www.econbiz.de/10015408895
Persistent link: https://www.econbiz.de/10012596778
the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the … creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. …
Persistent link: https://www.econbiz.de/10012597680
Persistent link: https://www.econbiz.de/10001488711