We use a new database on European real estate purchase and rental prices - the IWH European Real Estate Index - to document the relationship between staggered COVID-19 dynamics and real estate prices in 14 EU countries between January 2020 and December 2021. For most countries, we find no...

Die deutsche Immobilienwirtschaft ist und bleibt ein wesentlicher Stabilitätsanker der deutschen Wirtschaft. Die Branche wächst seit 2008 um durchschnittlich zwei Prozent pro Jahr und hat damit entscheidend zur schnellen Erholung nach dem Konjunktureinbruch beigetragen. Die hohe Stabilität...

We investigate whether information from news articles could improve predictions of house price inflation at a short forecast horizon. The Covid-19 pandemic led to a shutdown of the Norwegian economy on March 12th 2020. Large economic fluctuations posed challenges for models used to forecast...

The value of the Danish commercial real estate market is large and developments within this market can have widespread implications for the financial system and the real economy. This memo provides an overview of the Danish commercial real estate market. It maps the stock of Danish commercial...

Real estate markets are pivotal to financial stability given their dual role as the underlying asset of crucial financial products in financial systems, such as mortgage loans and asset-backed securities, and the primary source of household wealth alike. As such, they also play traditionally a...

The corona epidemic has caused a temporary reduction in housing market activity and a small drop in housing prices. However, stimulus packages and low interest rates continue to stimulate the demand for housing. Limited price decreases are therefore expected in 2020, and the price level is...

Deutschland durchläuft einen Prozess des demografischen Wandels. In den nächsten Jahrzehnten werden das Erwerbspersonenpotenzial spürbar zurückgehen und das Durchschnittsalter der Bevölkerung stark ansteigen. Wie die vorliegende Analyse zeigt, werden sich diese Entwicklungen deutlich auf...