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We provide an analysis of the housing market and current housing policies in three developed countries: the United Kingdom (UK), Switzerland, and the United States (US). We focus on these three countries mainly due to the marked differences in their institutional settings. The UK is...
Persistent link: https://www.econbiz.de/10011470938
Since 2000, real estate prices in Switzerland have risen rapidly. By some measures, between 2000 and 2014 apartment prices almost doubled, while those of single-family homes increased by around 60%. Price rises have varied considerably across cantons. Transactions activity in the sector has been...
Persistent link: https://www.econbiz.de/10011577664
In light of the strong increase of house prices in Switzerland, we analyze the effects of mortgage rate shocks, changes in the interplay between housing demand and supply and GDP growth on house prices for the time period 1981- 2014. We employ Bayesian time-varying coefficients vector...
Persistent link: https://www.econbiz.de/10010526684
In light of the strong increase of house prices in Switzerland, we analyze the effects of mortgage rate shocks, changes in the interplay between housing demand and supply and GDP growth on house prices for the time period 1981-2014. We employ Bayesian time-varying coefficients vector...
Persistent link: https://www.econbiz.de/10013023268
of European countries, real house prices in Germany and Austria were going down in this period and did not start to rise … relevant peculiarities in, and similarities among, Austria and Germany as well as Switzerland. Among the most important …-developed rental markets, low homeownership ratios and conservative lending standards. While the tax systems of Germany and Austria do …
Persistent link: https://www.econbiz.de/10012982738
We provide an analysis of the housing market and current housing policies in three developed countries: the United Kingdom (UK), Switzerland, and the United States (US). We focus on these three countries mainly due to the marked differences in their institutional settings. The UK is...
Persistent link: https://www.econbiz.de/10012992440
We analyze the relationship between ask and transaction prices in the Swiss residential real estate market over the 2005-2015 period. First, we present strong evidence that ask and transaction prices are co-integrated across different market segments, but they do not Granger-cause one another....
Persistent link: https://www.econbiz.de/10011626361
This paper provides novel evidence on the role of income taxes for residential rents and spatial sorting. Drawing on comprehensive apartment-level data, we identify the effects of tax differentials across municipal boundaries in Switzerland. The boundary discontinuity design (BDD) corrects for...
Persistent link: https://www.econbiz.de/10010380605
This paper provides novel evidence on the role of income taxes for residential rents and spatial sorting. Drawing on comprehensive apartment-level data, we identify the effects of tax differentials across municipal boundaries in Switzerland. The boundary discontinuity design (BDD) corrects for...
Persistent link: https://www.econbiz.de/10010383303
This paper provides novel evidence on the role of income taxes for residential rents and spatial sorting. Drawing on comprehensive apartment-level data, we identify the effects of tax differentials across municipal boundaries in Switzerland. The boundary discontinuity design (BDD) corrects for...
Persistent link: https://www.econbiz.de/10013049214