with earlier findings, residential real estate transactions in Germany cluster at round-number prices, but there are also … interesting (presumably cultural) differences. We extend our analysis to the commercial real estate market, where stakes are even … higher and market participants arguably more experienced. For the same type of object, professionals cluster significantly …

with earlier findings, residential real estate transactions in Germany cluster at round-number prices, but there are also … interesting (presumably cultural) differences. We extend our analysis to the commercial real estate market, where stakes are even … higher and market participants arguably more experienced. For the same type of object, professionals cluster significantly …

The tax burden of real estate transactions in Germany increased considerably since the constitutional reform in 2006 … the market for other commercial properties, transactions and prices decline by 0.17% and 0.19% respectively following a … RETT increase. The negative price effects on the commercial real estate market tentatively indicate tax incidence with the …