Als Ergänzung eines zunehmend rigider werdenden Ordnungsrechtes, welches die Mindestanforderungen festlegt, existiert auf der Ebene von Bund und Ländern ein breites Angebot von Förderprogrammen für die Sanierung energetisch relevanter Gebäudeteile. Der Bund fördert in diesem Zusammenhang...

Die hohen Flüchtlingszahlen und die wachsende Nachfrage nach Wohnungen in den Ballungsräumen haben die Politik veranlasst, die lange vernachlässigte öffentliche Wohnraumförderung wieder in den Blick zu nehmen. Um rasch neuen Wohnraum anzubieten, schlagen die Autoren unterschiedliche...

Finanzmarktkrisen entstehen häufig in Folge von Immobilienpreisblasen. In dieser Arbeit wird die Entstehung von Immobilienpreisblasen unter Berücksichtigung der spezifischen Eigenschaften von Immobilienmärkten sowie von Wechselwirkungen zwischen Immobilien- und Finanzmärkten untersucht und...

This paper provides updated estimates of the impact of three financial frictions - negative equity, mortgage lock-in, and property tax lock-in - on household mobility. We add the 2009 wave of the American Housing Survey (AHS) to our sample and also create an improved measure of permanent moves...

The ultimate purpose of macroprudential policy is to avoid financial instability, such as banking crises, which have a long-lasting and devastating effect on the economy. Although a growing number of studies have examined the effects of macroprudential policy on credit growth, few empirical...

We analyse two inter-related features of regional housing markets: determinants of new housing supply, and the impact of supply responsiveness on price dynamics. We demonstrate that a suitably specified q-theory model (including residential land values as well as construction costs) explains...

Under tenancy rent control, rents are regulated within a tenancy but not between tenancies. This paper investigates the effects of tenancy rent control on housing quality and maintenance. Since the discounted revenue received over a fixed-duration tenancy depends only on the starting rent,...

We consider a novel set of data comprising every transaction in the Netherlands’ housing market between 1995 and 2011, and take a closer look at the idiosyncratic risk as it played out in those years. Shiller and Weiss (1999) proposed a home equity insurance policy that eliminates...

Il nuovo istituto della perequazione "estesa" - cioè utilizzabile in qualunque luogo della città, qualechessia il luogo in cui ha trovato origine - presenta una intrinseca contraddizione: esso costituisce un passo in direzione della finanziarizzazione del settore immobiliare, e per questo...

Desegregation is a key policy issue in many countries. I investigate a residential desegregation program in Singapore - the ethnic housing quotas. I show that choice restrictions imposed on apartment blocks above the quota limits (constrained) could have distortionary effects, causing price and...