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Persistent link: https://www.econbiz.de/10013542172
House prices have increased faster than average income in many countries over the last decade, raising concerns on the affordability of housing. We study the impact of transaction taxes on the real estate market and the effectiveness of tax subsidies to make housing more affordable. We show how...
Persistent link: https://www.econbiz.de/10012520375
-scale micro data set on German house prices, I exploit the introduction of a new subsidy scheme in the state of Bavaria. My … by about 3.4% more in Bavarian border regions. This is consistent with a full capitalization of the subsidy. No effect is … found for apartments, whose purchasers seldom qualify for the subsidy. A heterogeneity analysis confirms that the price …
Persistent link: https://www.econbiz.de/10012255075
rent for the cities that received varying subsidy rates. The empirical results indicate that subsidies to homeownership …
Persistent link: https://www.econbiz.de/10012595319
All over the world there is a strong infatuation towards real estate. Nevertheless there seems to be a (sub)conscious omission in incorporating this stylised fact into the academic literature. The decision of buying residential property may be one of the most important transaction people will...
Persistent link: https://www.econbiz.de/10013007404
We examine foreclosure discounts and their subsequent impact on investor returns in Berlin's housing market from 1984 to 2022. Utilizing hedonic regression models and matching techniques on a data set of housing transactions, we determine that foreclosure discounts, ranging from 20% to 50%, are...
Persistent link: https://www.econbiz.de/10014545229
This paper investigates the effect of a housing company's size on the outcome of energetic refurbishment. We argue that economies of scale, economies of scope and effects of learning have an impact on the production of energy-efficient housing services. To test our hypothesis, we use unique data...
Persistent link: https://www.econbiz.de/10010344604
This paper analyzes the housing markets and housing policies in Hong Kong, China and the People's Republic of China (PRC). Both markets face housing affordability problems due to limited land supply, for which the solutions vary considerably. Hong Kong, China has adopted a railway and property...
Persistent link: https://www.econbiz.de/10011453313
rent for the cities that received varying subsidy rates. The empirical results indicate that subsidies to homeownership …
Persistent link: https://www.econbiz.de/10012648082
Housing policies in Japan after World War II were focused on the quantitative supply of houses with a wide range of targeted groups and public rental houses. The Japan Housing Corporation (now the Urban Renaissance Agency) and the Government Housing Loan Corporation (now the Japan Housing...
Persistent link: https://www.econbiz.de/10011441128