In this paper, the authors construct a unique data set of Internet offer prices for flats in 48 large European cities across 24 countries. The data collected between January and May 2012 from 33 websites, are drawn from Internet advertisements of dwellings. Using the resulting sample of more...

Die ost- und westdeutschen Wohnungsmärkte haben sich in den letzten 25 Jahren seit der Wiedervereinigung enorm gewandelt. Insbesondere Ostdeutschland erlebte einen deutlichen Aufholprozess, der sich in zentralen immobilienökonomischen Kennzahlen wie den Mieten, den Immobilienpreisen, dem...

The "Minha Casa Minha Vida" program (MCMV) started in 2009 and was afterwards elevated to the status of Brazilian housing policy. Since its creation the appearance of other alternatives for housing provision has been restricted. This paper performs a diagnosis of the recent housing policy in...

São Paulo's metropolitan area is one of the largest urban spaces in the world. As it ha ppens with any other large metropolitan area, understanding its structure, problems and dynamics is not a simple task. The structure of cities has been studied by urban economics ever since von Thünen's...

In this paper we analyze the social housing supply by "Minha Casa Minha Vida" (MCMV) program in Brazil, aimed at low-wage families (earning up to R$ 1,600 per month), as well as the housing shortage ("deficit habitacional") in a similar wage range. The location of MCMV's housing estates is...

São Paulo's metropolitan area is one of the largest urban spaces in the world. As it ha ppens with any other large metropolitan area, understanding its structure, problems and dynamics is not a simple task. The structure of cities has been studied by urban economics ever since von Thünen's...

We show that house prices from Aberdeen in the UK improve in- and out-of-sample oil price forecasts. The improvements are of a similar magnitude to those attained using macroeconomic indicators. We explain these forecast improvements with the dominant role of the oil industry in Aberdeen. House...

The dramatic rise in Canada's average house price to average rent ratio has induced some commentators to argue that a speculative bubble is under way the collapse of which will have a calamitous effect on the economy. Others have argued, however, that the currently high level of house prices may...

This paper demonstrates the way in which stock-flow matching with endogenous seller entry generates hot and cold spells in house sales. Potential sellers know the number of bidders remaining from the last house sale. If two or more bidders remain, the seller obtains the gains to trade through...