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Given the numerous and widely acknowledged benefits of a well-functioning housing market, it is vital to understand the degree of competition in that market, which is the starting point for undertaking any policy tool aimed at improving its efficiency. This paper tests the extent of competition...
Persistent link: https://www.econbiz.de/10010328135
Falling house prices have caused numerous home owners to suffer capital losses. Those with little home equity may be prevented from moving because proceeds from the sale of their house are insufficient to repay their mortgage and provide a new down payment. A data set of mortgages is used to...
Persistent link: https://www.econbiz.de/10010334368
An enormous increase of initial rents in many German cities over the last decade has prompted the current grand coalition to implement a new rent control called "Mietpreisbremse" in 2015 (literally a brake on rental prices). This reform aims to stop exploding rents and to provide particularly...
Persistent link: https://www.econbiz.de/10011557817
Issues of housing in India are synonymous with ignorance of housing in active government involvement at the policy and program formulation levels. They are also due to the problems that unplanned urbanization, income disparity, poverty, illiteracy, and unemployment brought. These issues...
Persistent link: https://www.econbiz.de/10011653767
resulting mismatch of housing demand and supply increases segregation, marginalises the vulnerable and leads to massive urban …
Persistent link: https://www.econbiz.de/10011684599
We study the impact of the 2015 mass arrival of refugees to Germany on residential housing rents. Using unique data on end of year county-level refugee populations and data on monthly offers of flats for rent from Germany’s leading online property broker Immobilienscout24, we find strong...
Persistent link: https://www.econbiz.de/10011984607
case study we analyse whether and to what extent rents, housing prices and segregation dynamics corresponded with … segregation was on the rise and, according to a hedonic analysis, prices for apartments were higher in districts with a … Nachbarschaften mit alternder Bevölkerung eingetreten ist. Die demographische Segregation nahm jedoch im Untersuchungszeitraum zu und …
Persistent link: https://www.econbiz.de/10011984959
Housing transfer taxes are fiscally important in many countries despite evidence of substantial welfare losses found in several quasi-experimental studies. Research designs used in this prior literature are prone to attenuation bias due to spillovers from mobility or trading across control and...
Persistent link: https://www.econbiz.de/10012052856
Increasing supply is frequently proposed as a solution to rising housing costs. However, there is little evidence on how new market-rate construction-which is typically expensive-affects the market for lower quality housing in the short run. I begin by using address history data to identify...
Persistent link: https://www.econbiz.de/10012059555
This paper deals with the question of whether migrants in Germany pay a rent premium for apartments of comparable quality and neighborhood characteristics. We use a twostep selection-correction model augmented by a control function to account for nonrandom neighborhood choice. The estimation...
Persistent link: https://www.econbiz.de/10011842704