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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
Press Release

Construction volume forecast: End of the new housing sector boom

Construction industry continues very positive development – more room for modernization and renovation of existing buildings – construction prices rise sharply The construction sector cycle will continue its upward course in the next two years according to the forecast of the German Institute for Economic Research (DIW Berlin), which makes its annual prognosis of construction volume on ...

12.01.2018
Research Project

Evaluation of the effectiveness of the rent control introduced in 2015 to dampen rent increases in tight housing markets (Mietpreisbremse)

The project investigates the effectiveness of the rent control for new rental contracts introduced in 2015. The effects of regulation on price formation in the regulated and unregulated housing market will be analyzed. In addition, the effects of the rent control on supply will be examined and the extent to which the law may have prevented investment will be studied.

Completed Project| Forecasting and Economic Policy
DIW Weekly Report 30/31 / 2018

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 ...

2018| Konstantin A. Kholodilin, Claus Michelsen
DIW Weekly Report 1/2 / 2018

Construction Sector: End of the Boom at New Buildings

New residential construction, in particular apartment complexes, has driven the growth in Germany’s construction industry in recent years. In 2018 and 2019 the volume of new construction will continue to expand. However, its rate of expansion will decrease and the boom of recent years will come to an end. After years of strong growth, having even occasionally surpassed the ten-percent mark, the German ...

2018| Martin Gornig, Claus Michelsen
Externe referierte Aufsätze

Speculative Price Bubbles in Urban Housing Markets: Empirical Evidence from Germany

In the light of the unconventional monetary policies implemented by most large central banks around the world, there is an intense debate about the potential impact on the prices of capital assets. Particularly in Germany, skepticism about the sustainability of the current policy by the European Central Bank is wide spread and concerns about the emergence of a speculative price bubble in the housing ...

In: Empirical Economics 55 (2018), 4, S. 1957-1983 | Konstantin A. Kholodilin, Claus Michelsen, Dirk Ulbricht
Economic Bulletin

2016 Heat Monitor: "Second rent" lower despite higher heating energy consumption

Residential heating is responsible for one-fifth of Germany’s energy consumption. Heating costs were around 562 euros per year for an average apartment in 2016, which is more than a 13th month’s rent minus heating costs (Kaltmiete). These are the findings of the 2016 Heat Monitor, published by the German Institute for Economic Research and ista Deutschland GmbH. The report presents evaluations ...

20.09.2017| Claus Michelsen
70 results, from 21
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