Mit der Studie legt Dominik Weiß die erste umfassende Untersuchung vor, die sich quantitativ mit den Effekten des Stadtumbaus auf Preis­bildung und Wertentwicklung am Immobilienmarkt auseinandersetzt. Durch die Anwendung eines realoptionstheoretischen Ansatzes wird eine innovative...

In order to deal with the rampant increase in housing prices, the Government of the People's Republic of China implemented the home purchase restriction (HPR) policy to curb speculation and prevent housing bubbles. This policy triggered an exogenous demand shock to the housing market. Employing...

Numerous papers have tried to understand housing’s role in the economy and have not reached an agreement. In this paper we turn to the asymmetric relationship between housing and the overall economic activity. We find that the relation between building permits and GDP is regime-dependent....