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Topic Real Estate and Housing

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213 results, from 141
  • Externe referierte Aufsätze

    The Economic Effects of a Central Bank Reacting to House Price Inflation

    What are the economic effects of a central bank that takes the evolution of house prices into account? In an attempt to answer this question, we use a New Keynesian dynamic stochastic general equilibrium model with a housing sector to explore the economic impacts of a central bank reacting to house price inflation. We examine this in the context of two different shocks that are associated with two ...

    In: Journal of Housing Economics 26 (2014), S. 119-125 | Guido Baldi
  • DIW Economic Bulletin 11 / 2014

    Private Net Worth in Eastern and Western Germany Only Converging Slowly

    Very nearly 25 years after the fall of the Berlin Wall, households in eastern Germany have an average net worth of 67,400 euros which is less than half that of their counterparts in western Germany with an average net worth of 153,200 euros. In both parts of the country, real estate ownership is quantitatively the most important asset type. Although the share of owner-occupiers has increased significantly ...

    2014| Markus M. Grabka
  • Diskussionspapiere 1417 / 2014

    Speculative Price Bubbles in Urban Housing Markets in Germany

    The surge in the German house prices starting in 2010 raised fears about the emergence of a speculative bubble. Given a local nature of housing markets, it is not clear to what extent the bubble, if any, is spread across different cities. In this paper, we test for speculative house price bubbles in 127 large German cities over the last 20 years. Along with testing bubbles for each city separately, ...

    2014| Konstantin A. Kholodilin, Claus Michelsen, Dirk Ulbricht
  • Externe referierte Aufsätze

    Noise Expectations and House Prices: The Reaction of Property Prices to an Airport Expansion

    We examine the effects of an airport expansion on the prices of houses and apartments located under the planned flight paths. We focus on the role of expectations of aircraft noise during the expansion of Berlin-Brandenburg International Airport. The publication of the flight paths can be seen as an exogenous event. It provides local residents and potential home buyers with reliable information in ...

    In: The Annals of Regional Science 52 (2014), 3, 763-797 | Konstantin A. Kholodilin, Andreas Mense
  • Diskussionspapiere 1398 / 2014

    The Market Value of Energy Efficiency in Buildings and the Mode of Tenure

    Concerns about global warming and growing scarcity of fossile fuels require substantial changes in energy consumption patterns and energy systems, as targeted by many countries around the world. One key element to achieve such transformation is to increase energy efficiency of the housing stock. In this context, it is frequently argued that private investments are too low in the light of the potential ...

    2014| Konstantin A. Kholodilin, Claus Michelsen
  • Diskussionspapiere 1360 / 2014

    Business Confidence and Forecasting of Housing Prices and Rents in Large German Cities

    In this paper, we evaluate the forecasting ability of 115 indicators to predict the housing prices and rents in 71 German cities. Above all, we are interested in whether the local business confidence indicators can allow substantially improving the forecasts, given the local nature of the real-estate markets. The forecast accuracy of different predictors is tested in a framework of a quasi out-of-sample ...

    2014| Konstantin A. Kholodilin, Boriss Siliverstovs
  • Diskussionspapiere 1410 / 2014

    Small Might Be Beautiful, but Bigger Performs Better: Scale Economies in "Green" Refurbishments of Apartment Housing

    The energy efficiency of the residential housing stock plays a key role in strategies to mitigate climate change and global warming. In this context, it is frequently argued that private investment and the quality of thermal upgrades is too low in the light of the challenges faced and the potential energy cost savings. While many authors address the potential barriers for investors to increase energy ...

    2014| Claus Michelsen, Sebastian Rosenschon, Christian Schulz
  • SOEPpapers 668 / 2014

    Wohnsituation von Migrantenhaushalten: eine Analyse mit Blick auf den Effekt der Mietpreisbenachteiligung

    In this paper a descriptive overview of the housing situation of immigrants in Germany is combined with a multivariate analysis on potential effects of rental price discrimination for specific groups of immigrants. The driving research question is, whether immigrants systematically pay higher rents for comparable flats. Utilizing data from the German Socio-economic Panel (SOEP) different variables ...

    2014| Andreas Hartung
  • DIW Economic Bulletin 4 / 2014

    Improved Energy Efficiency: Vital for Energy Transition and Stimulus for Economic Growth

    As part of the energy transition process, the German government has set far-reaching energy efficiency targets, including doubling the annual rate of building renovation to upgrade energy performance from one to two percent. DIW Berlin has estimated the additional energy-savings-related investment required to meet these targets and analyzed the impact this could have on the economy. In the long term, ...

    2014| Jürgen Blazejczak, Dietmar Edler, Wolf-Peter Schill
  • DIW Economic Bulletin 4 / 2014

    Energy Upgrades: The Longer You Wait, the Harder It Gets: Seven Questions to Dietmar Edler

213 results, from 141