Topic Real Estate and Housing

Combining Dynamic Allocation and Inclusion of Consumption into the EU ETS Would Be Beneficial: Six Questions to Karsten Neuhoff

Sowing the Wind and Reaping the Whirlwind? The Effect of Wind Turbines on Residential Well-Being

We investigate the effect of the physical presence of wind turbines on residential well-being in Germany, using panel data from the German Socio-Economic Panel (SOEP) and a unique novel panel data set on more than 20,000 wind turbines for the time period between 2000 and 2012. Using a Geographical Information System (GIS), we calculate the proximity between households and the nearest wind turbine as ...

Using Equity Capital to Unlock Investment in Building Energy Efficiency?

The energy transition will require considerable increases in energy efficiency, particularly in residential buildings. Financial support mechanisms, information and adviceprograms and dedicated training and certification of craftsmen are already in place to stimulate energy efficiency investment. Nevertheless, the required annual rate of thermal building refurbishment of around two percent is so far ...

Investment in Building Energy Efficiency: Climate Fund to Increase Rate of Refurbishment: Six Questions to Karsten Neuhoff

War, Housing Rents, and Free Market: A Case of Berlin's Rental Housing Market during the World War I

Before the World War I, the urban rental housing market in Germany could be described as a free and competitive market. The government hardly interfered in the relationships between the landlords and ten- ants. The rents were set freely. During the World War I, the market was hit by several violent shocks. The outbreak of the war led initially to a huge outflow of men from cities to the fronts. Towards ...

Aircraft Noise in Berlin Affects Quality of Life Even Outside the Airport Grounds

Aircraft noise is a particularly problematic source of noise as many airports are located in or near major cities and, as a result, densely populated areas are affected. Data from the Berlin Aging Study II (Berliner Altersstudie II, BASE-II), whose socio-economic module is based on the longitudinal Socio-Economic Panel (SOEP) study which has been conducted since 1984, allows us to examine the effect ...

Aircraft Noise Has Negative Impact on Well-Being and Health - Even When Not Perceived as a Disturbance: Five Questions to Peter Eibich

Is There a Bubble in the German Housing Market?

After a period of stagnation that lasted for almost two decades, German house prices began to grow at an accelerated pace since late 2010. Real house prices that even had been declining in 2000-2008 started to climb up steeply from the second half of 2010, followed by a recovery of construction activities. This development raised concerns about the formation of a speculative house price bubble among ...

German Construction Industry: New Residential Construction at Cyclical Peak - Public Construction Gaining Ground

The construction industry remains a key pillar of the German economy. According to the latest construction volume calculations by DIW Berlin, the value of construction in 2014 and 2015 is forecast to grow far more rapidly than the economy as a whole: by a price-adjusted 3.3 percent and 2.1 percent in 2014 and 2015, respectively. Currently, new residential construction is an important engine for growth ...

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 ...