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Topic Real Estate and Housing

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235 results, from 121
  • Diskussionspapiere 1666 / 2017

    Where Is the Consumer Center of St. Petersburg?

    In an urban economy, the distribution of people and real estate prices depends on the location of the central business district of a city. As distance from the city center increases, both prices and population density diminish, for travel costs increase in terms of time and money. As manufacturing gradually leaves the cities, the importance of consumer amenities as attractors of population to the urban ...

    2017| Konstantin A. Kholodilin, Irina Krylova, Darya Kryutchenko
  • Diskussionspapiere 1663 / 2017

    Distributed Photovoltaic Power Generation: Possibilities, Benefits, and Challenges for a Widespread Application in the Mexican Residential Sector

    Mexico plans to implement a national program to support the adoption of distributed photo-voltaic generation (DPVG) among qualified households. The main objectives of such a program would be to reduce the burden of the substantial federal energy subsidy and increase the share of renewable energy sources used to generate electricity. In this paper we assess the current conditions under which the Mexican ...

    2017| Pedro I. Hancevic, Hector M. Nunez, Juan Rosellón
  • Diskussionspapiere 1649 / 2017

    Macroeconomic Effects of Rental Housing Regulations: The Case of Germany in 1950-2015

    Despite rather skeptical attitude of the economists toward the state intervention in the housing markets, the policy makers and general public typically are supporting it. As a result, in many European countries, since World War I the rent and eviction controls as well as social housing policies remain an important element of the government economic policies. Nevertheless, the macroeconomic effects ...

    2017| Konstantin A. Kholodilin, Julien Licheron
  • DIW Economic Bulletin 25/26 / 2017

    Real Estate Price Polarization Projected to Increase until 2030 in Germany

    Demographic projections for Germany indicate a drop in the population of many regions by 2030. This is likely to have an impact on the real estate market. Our report presents the result of a model calculation of asking prices for residential real estate in Germany up to 2030 based on market data from empirica-systeme GmbH and a population projection from the Bertelsmann Foundation. Depending on the ...

    2017| Christian Westermeier, Markus M. Grabka
  • DIW Economic Bulletin 25/26 / 2017

    Depopulation to Affect Regional Real Estate Prices: Seven Questions for Markus M. Grabka

  • DIW Economic Bulletin 25/26 / 2017

    No Germany-Wide Housing Bubble but Overvaluation in Regional Markets and Segments

    Although the housing prices in the 127 largest German cities have surged strongly in recent years, there is still no sign of a Germanywide housing bubble. In comparison with 2009, the price of condominiums has risen by around 55 percent. Single-family houses cost between 38 and 45 percent more in 2016 than seven years prior, and building lot prices have risen by around 63 percent. The study at hand ...

    2017| Konstantin A. Kholodilin, Claus Michelsen
  • DIW Economic Bulletin 6/7 / 2017

    Construction Sector: Full Order Books, Good Growth Prospects

    A significant rise in Germany’s construction volume is expected for this year and the next, even if the growth is not as pronounced as it was in 2016. According to DIW Berlin’s latest construction volume calculations, the sum of all new construction and building refurbishments will increase in real terms by 1.6 and 2.4 percent in 2017 and 2018, respectively, from a rate of 2.5 percent in 2016. New ...

    2017| Martin Gornig, Claus Michelsen
  • Diskussionspapiere 1636 / 2017

    Bank-Specific Shocks and House Price Growth in the U.S.

    This paper investigates the link between mortgage supply shocks at the banklevel and regional house price growth in the U.S. using micro-level data on mortgage markets from the Home Mortgage Disclosure Act for the 1990-2014 period. Our results suggest that bank-specific mortgage supply shocks indeed affect house price growth at the regional level. The larger the idiosyncratic shocks to newly issued ...

    2017| Franziska Bremus, Thomas Krause, Felix Noth
  • Refereed essays Web of Science

    Think National, Forecast Local: A Case Study of 71 German Urban Housing Markets

    In this article, we examine whether the local indicators are able to predict the city-level housing prices and rents better than national indicators. For this purpose, we assess the forecasting ability of 126 indicators and 21 types of forecast combinations using a sample of 71 large German cities. There are several predictors that are especially useful, namely price-to-rent ratios, national-level ...

    In: Applied Economics 49 (2017), 42, S. 4271-4297 | Konstantin A. Kholodilin, Boriss Siliverstovs
  • Refereed essays Web of Science

    Empirics on the Long-Run Effects of Building Energy Codes in the Housing Market

    We study the effectiveness of building energy codes, taking a long-run perspective. The focus is on regulation’s impact on energy demand in both high- and low-quality residences, in other words, the diffusion and the entry of “green” buildings in the housing market. We develop a measure for regulation intensity and apply this to a panel-error-correction regression model for energy requirements of a ...

    In: Land Economics 93 (2017), 4, S. 585-607 | Makram El-Shagi, Claus Michelsen, Sebastian Rosenschon
235 results, from 121