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Topic Real Estate and Housing

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76 results, from 21
Sonstige Publikationen des DIW / Monographien

Evaluierung der Wohnungsbauprämie: Endbericht – Executive Summary ; Forschungsvorhaben: fe 6/17 ; Studie im Auftrag des Bundesministeriums der Finanzen (BMF)

2019| Claus Michelsen (Projektltg.), Stefan Bach, Markus M. Grabka, Niklas Isaak, Konstantin A. Kholodilin, Maximilian Schäfer, Claudius Willem
DIW Weekly Report 38 / 2019

Housing Market Regulation Has Contributed to the Worldwide Triumph of Home Ownership

The present report presents new historical data based on country comparisons and research results regarding rent control and its long-term effect on the home ownership rate in 27 countries. Policy measures of rent control, protection against eviction, and housing space management have been widespread in most of the countries studied—particularly in continental Europe—in the past 100 years. At the same ...

2019| Konstantin A. Kholodilin, Sebastian Kohl
DIW Weekly Report 32 / 2019

High Risk of a Housing Bubble in Germany and Most OECD Countries

Housing prices in many countries have increased significantly over the past years, fueling a fear that speculative price bubbles will return. However, it can be difficult for policymakers to recognize when regulatory interventions in the market are necessary to counteract bubbles. This report shows how modern machine learning methods can be used to forecast speculative price bubbles at an early stage. ...

2019| Konstantin A. Kholodilin, Claus Michelsen
Externe referierte Aufsätze

The Effects of Second-Generation Rent Control on Land Values

Second generation rent control seeks to prevent negative quantity effects by exempting newly built units. The artificially lowered rent in the controlled segment makes renting attractive for households that would otherwise not have rented in the market, replacing households with higher willingness to pay for housing. These households bid up prices in the free market segment, giving rise to an opposite-sign ...

In: AEA Papers and Proceedings 109 (2019), S. 385-388 | Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
Diskussionspapiere 1832 / 2019

Rent Control, Market Segmentation, and Misallocation: Causal Evidence from a Large-Scale Policy Intervention

This paper studies market segmentation that arises from the introduction of a price ceiling in the market for rental housing. When part of the market faces rent control, theory predicts an increase of free-market rents, a consequence of misallocation of households to housing units. We study a large-scale policy intervention in the German housing market in 2015 to document this mechanism empirically. ...

2019| Andreas Mense, Claus Michelsen, Konstantin A. Kholodilin
Diskussionspapiere 1780 / 2019

Housing Rent Dynamics and Rent Regulation in St. Petersburg (1880-1917)

This article studies the evolution of housing rents in St. Petersburg between 1880 and 1917, covering an eventful period of Russian and world history. We collect and digitize over 5,000 rental advertisements from a local newspaper, which we use together with geo-coded addresses and detailed structural characteristics to construct a quality-adjusted rent price index in continuous time. We provide the ...

2019| Konstantin A. Kholodilin, Leonid Limonov, Sofie R. Waltl
DIW Weekly Report 1/2 / 2019

Construction Industry Momentum Continues – State Stimulus Impacts Prices

According to the German Institute for Economic Research construction volume forecast, the country’s construction industry will continue to flourish in the coming years. Companies can count on a rise in the nominal construction volume of around 7.5 percent in 2019 and 6.5 percent next year. The industry’s business cycle continues to be supported by the flourishing residential construction sector, which ...

2019| Martin Gornig, Claus Michelsen, Martin Bruns
Diskussionspapiere 1778 / 2019

Social Policy or Crowding-Out? Tenant Protection in Comparative Long-Run Perspective

In the shadow of homeownership and public housing, social policy through the regulation of private rental markets is a neglected and underestimated field of social policy. This paper, therefore, presents unique new data on the development of private tenancy legislation through the binary coding of rent control, the protection of tenants from eviction, and rental housing rationing laws across more than ...

2019| Konstantin A. Kholodilin, Sebastian Kohl, Yulia Prozorova, Julien Licheron
Externe referierte Aufsätze

Coping with the Consequences of a Housing Crisis during the Great War: The Case of Right-Bank Ukraine in 1914-1918

In: International Journal of Regional and Local History 14 (2019), 1, S. 1-20 | Konstantin A. Kholodilin, Tymofiy Gerasymov
Weekly Report

Signs of New Housing Bubble in Many OECD Countries – Lower Risk in Germany

Ten years after the worldwide financial and economic crisis was triggered by the American real estate market, real estate prices are rising around the globe. Concerns about a new housing bubble are growing. The present report based on OECD data for 20 countries demonstrates that this concern is not unwarranted. In eight countries, including the United Kingdom and the USA, the evolution of real estate ...

26.07.2018| Konstantin A. Kholodilin, Claus Michelsen
76 results, from 21
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