We examine the impact of cell phone base stations on prices of condominiums in Hamburg, Germany. This is the first hedonic pricing study on this subject for real estates in Europe and the first worldwide which examines the price impact of base stations within a whole metropolis. We distinguish...

Using hedonic pricing models, this paper analyzes the impact of places of worship on the prices of adjacent condominiums in Hamburg, Germany. This is the first study on this subject to have been conducted outside the United States. It is also the first work to examine the externalities of places...

Real estate is the biggest real asset class in an economy, and Germany is the biggest economy in Europe. This implies opportunities as well as specific risks for investors and policy makers. As the German real estate markets have by and large been spared severe disruptions in the course of the...

In Deutschland und anderen Ländern Europas wird teilweise ein Preisverfall der Einfamilienhäuser beobachtet. Im Folgenden wird die Preisentwicklung von Einfamilienhäusern in Berlin, insbesondere im Vergleich mit Etagenwohnungen analysiert. Dabei wird zwischen 1990 und 2015 ein relativer...

This study examines the influence of road noise on the prices of condominiums in Hamburg, Germany. On the basis of micro-level datasets capturing traffic-noise exposure, price discounts in the amount of 0.23% following a 1 dB(A) increase in road noise have been observed. The discounts calculated...

Using hedonic price functions, we study the influence of access to public railway stations on the prices of surrounding condominiums in Hamburg, Germany. The study examines the influence of rail infrastructure on residential property prices, not only of individual lines, but for the entire rail...

We provide a first decomposition of the price gap between prices for single family houses and apartments into their microeconomic determinants. Using individual data from the collection of real estate transactions data for Berlin, Germany, we find a positive price gap for houses in Berlin in...