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202 results, from 151
Diskussionspapiere 1207 / 2012

Forecasting the Prices and Rents for Flats in Large German Cities

In this paper, we make multi-step forecasts of the monthly growth rates of the prices and rents for flats in 26 largest German cities. Given the small time dimension, the forecasts are done in a panel-data format. In addition, we use panel models that account for spatial dependence between the growth rates of housing prices and rents. Using a quasi out-of-sample forecasting exercise, we find that both ...

2012| Konstantin A. Kholodilin, Andreas Mense
Monographien

An Early Warning System to Predict the Speculative House Price Bubbles

In this paper, the authors construct country-specific chronologies of house price bubbles for 12 OECD countries over the period 1969:Q12009:Q4. These chronologies are obtained using a combination of fundamental and filter approaches. The resulting speculative bubble chronology is the one providing the highest concordance between these two techniques. In addition, the authors suggest an early warning ...

Kiel: IfW, 2012, 23 S.
(Economics: The Open-Access, Open-Assessment E-Journal : Discussion Papers ; 2012-44)
| Christian Dreger, Konstantin A. Kholodilin
Diskussionspapiere 1191 / 2012

Internet-Based Hedonic Indices of Rents and Prices for Flats: Example of Berlin

In this paper, we suggest to estimate the home rents and prices in German regions/cities using the data from Internet ads offering the housing for rent and sale. Given the richness of information contained in the ads, we are able to construct the quality-adjusted rent and price indices using the hedonic approach. The results can be applied both for investigating the dynamics of rents/prices and for ...

2012| Konstantin A. Kholodilin, Andreas Mense
Monographien

Tax Incentives for Thermal Retrofits in Germany: Experiences from Practicioners

The building sector is a key focus area of the Energy Concept of the German Federal Government, among other reasons because it has the potential to avoid a large share of CO2 emissions while also saving costs. Thus far, however, only a small percentage of residential building owners have undertaken comprehensive thermal retrofits, and the target retrofit rate of 2% remains a distant goal. In order ...

Berlin: CPI ; DIW, 2012, 17 S.
(CPI Report)
| Hermann Amecke, Karsten Neuhoff, Kateryna Stelmakh
Diskussionspapiere 1244 / 2012

Noise Expectation and House Prices

In this paper, we examine the effects of an airport expansion on the prices of houses and flats located under the planned flight corridors. We focus on the role of expectations about the exposure to noise and find that proximity to the planned corridors significantly reduces real estate prices in the affected areas, by around 41% to 60%, depending on the sample. Hereby, the various plans of expanding ...

2012| Andreas Mense, Konstantin A. Kholodilin
Diskussionspapiere 1216 / 2012

Location, Location, Location: Extracting Location Value from House Prices

The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with adaptive weight smoothing. The adaptive estimator requires neither strong smoothness assumptions nor local ...

2012| Jens Kolbe, Rainer Schulz, Martin Wersing, Axel Werwatz
DIW Economic Bulletin 1 / 2012

Germany's Construction Industry: Strong Growth Followed by Stagnation

2011 was one of the construction industry's strongest years of growth since German reunification. For the year as a whole, a nominal increase in construction volume of almost eight percent is expected. The price increase is forecast at over 2.5 percent. Real construction volume in 2011 will be over five percent higher than in 2010. However, according to current information, we can expect the construction ...

2012| Martin Gornig, Hendrik Hagedorn
Monographien

Map of Policies Supporting Thermal Efficiency in Germany's Residential Building Sector

The Eurozone is still stuck in a downward spiral: high public and private debts weigh on potential growth; gloomy prospects for growth prevent the further reduction of these debts. A European plan to support growth should be a complement, and not a substitute, to the ongoing efforts to reduce public deficits. It should both encourage structural reforms and incentivize investments. In the short term, ...

Berlin: CPI ; DIW, 2011, 20 S. | Hermann Amecke, Karsten Neuhoff
Monographien

Information Tools for Energy Demand Reduction in Existing Residential Buildings

Conducting a building thermal efficiency retrofit (or further thermal retrofit) is a long and relatively complex decision-making process involving building owners, managers, residents/tenants, and construction industry professionals. A variety of information instruments exists to support participants at each stage of this process. This paper highlights the existing literature on information instruments ...

Berlin: CPI ; DIW, 2011, 32 S.
(CPI Report)
| Aleksandra Novikova, Hermann Amecke, Karsten Neuhoff, Kateryna Stelmakh, Bernadett Kiss, Clemens Rohde, Elisa Dunkelberg, Julika Weiß, Kaisa Matschoss, Sarah Darby
202 results, from 151
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