Topic Real Estate and Housing

Decline in Nominal Construction Volume Expected for the First Time since the Financial Crisis; Residential Construction Situation Worsening

High construction prices and worsened financing conditions are weighing on the construction industry, especially build-ing construction. Despite a nominal increase of six percent in construction expenses in 2023, it decreased by just over one percent in inflation-adjusted terms. In 2024, the nominal construction volume is likely to contract by around 3.5 percent, declining for the first time since ...

House Price Expectations

This study examines short-, medium-, and long-run price expectations in housing markets. At the heart of our analysis is the combination of data from a tailored in-person household survey, past sale offerings, satellite imagery on developable land, and an information treatment (RCT). As novel finding, we show that price expectations show no evidence for momentum-effects in the long run. We also do ...

Green or Greedy: The Relationship between Perceived Benefits and Homeowners’ Intention to Adopt Residential Low-carbon Technologies

Transitioning to a net-zero economy requires a nuanced understanding of homeowners’ decision-making pathways when considering the adoption of Low Carbon Technologies (LCTs). These LCTs present both personal and collective benefits, with positive perceptions critically influencing attitudes and intentions. Our study analyses the relationship between two primary benefits: the household-level financial ...

Housing and Health: A Multidimensional, Qualitative Analysis of the Experiences of Asylum Seekers and Refugees Living in German Reception Centres

Objectives Housing is an important social determinant of health, but the perspectives of asylum seekers and refugees (ASR) in large, centralised reception centres remain under-researched. We therefore sought to examine which housing aspects in reception centres are deemed relevant for health by ASR in Germany.MethodsBased on 47 interviews with 42 ASR in Germany originating from three different studies, ...

Rent Control Effects through the Lens of Empirical Research: An Almost Complete Review of the Literature

Rent control is a highly debated social policy that has been omnipresent since World War I. Since the 2010s, it is experiencing a true renaissance, for many cities and countries facing chronic housing shortages are desperately looking for solutions, directing their attention to controling housing rents and other restrictive policies. Is rent control useful or does it create more damage than utility? ...

The Rise and Fall of Social Housing? Housing Decommodification in Long-run Comparison

The comparative study of housing decommodification lags behind classical welfare state research, while housing research itself is rich in homeownership studies but lacks comparative accounts of private and social rentals due to missing comparative data. Building on existing works and various primary sources, this study presents a new collection of up to forty-eight countries’ social housing shares ...

Investments in energy-efficient building renovation are on a downward slide

Limited Price Competition Among Real Estate Agents and the Role of Inattention

This paper relates incomplete price competition among real estate agents to inattentive home sellers. I exploit a recent legal reform in Germany which specifically aimed to increase price competition among real estate agents by raising the cost salience of sellers. I find that the reform backfired and real estate agents exploited the transition to increase their total commission rate by 0.3...

Expansion of the social and spatial research data infrastructure SoRa: FAIR, intelligent, integrative (SoRa+)

The interdisciplinary linking of data from different sources from different knowledge disciplines through linked (research) data infrastructure services has become more and more important. As part of the pioneering project “Social and Spatial Research Data Infrastructure (SoRa),” a technical and organizational infrastructure was developed to ensure the prototypical linking of the research data...

Accelerate thermal modernization of buildings with minimum standards for buildings and binding retrofitting targets

The energy and climate crisis enhance the need for energy savings. In the building sector, these savings can be achieved primarily through thermal retrofitting. So far, progress in this area has been slow. To date, less than one percent of the residential building stock in Germany is retrofitted each year. The existing support programs alone offer too little reliability for the necessary...