This paper investigates the long-run relationships between the size and age composition of a city's population and the price of local housing. For estimation purposes, we combine city-level demographic information with housing price data for 87 cities in Germany over the period 1995-2012....

Dieser Aufsatz erweitert den Kenntnisstand der ökonomischenForschung bezüglich regionaler Lebensqualitäten in Deutschland. Dafür wird die Rolle regionaler (quasi-)öffentlicher Güter („Amenities“) im Preisbildungsprozess regionaler Wohnungsmieten und Arbeitslöhne auf neuartige Weise...

This paper employs panel data on 413 counties and cities from 2004 to 2009 to investigate the local supply of new single-family housing in Germany. New single-family housing supply in local housing markets is measured by the number of new construction permits in relation to the local...

The massive increase of real estate prices in some regions of Germany is a direct consequence of the ongoing financial and debt crisis. Low interest rates and high inflation expectations increase the demand for real estate. In addition to a potential price bubble risk, social problems arouse...

This paper extends existing research on regional quality of life in Germany by newly estimating the role of region-specific (dis-)amenities in the determination of regional housing rents and wages. Different from previous studies, the empirical analysis draws on functional labor market areas...

The massive increase of property prices in some regions of Germany is a direct consequence of the ongoing financial and debt crisis. Low interest rates and high inflation expectations increase the demand for real estate. In addition to a potential price bubble risk, social problems arouse more...

Neben spezifischen Objektattributen ist die Lage eine der fundamentalen Immobilienpreisdeterminanten. Aber wie bedeutsam ist die Lage im Vergleich zur Wohnfläche oder zum Alter einer Immobilie? Unsere Ergebnisse zeigen, dass die relative Bedeutung der Lage hinsichtlich des Bestimmtheitsmaßes...

After the financial crisis, some Euro countries are still facing major economic problems. They require favourable interest rate conditions in order to free themselves from their difficulties. But due to the low interest rate policy of the ECB, the risk of a housing price bubble in Germany is...

Beside the specific object attributes, location is the fundamental determinant for real estate. But how important is location within a city? Contrary to popular belief our results suggest that this parameter explains only a small proportion of price variation, whereas object attributes are...

L<sc>erbs</sc> O. W. and O<sc>berst</sc> C. A. Explaining the spatial variation in homeownership rates: results for German regions, <italic>Regional Studies</italic>. This paper employs cross-sectional data on ninety-six German regions to investigate the interregional variability of homeownership rates. Among the explanatory...