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Before the World War I, the urban rental housing market in Germany could be described as a free and competitive market. The government hardly interfered in the relationships between the landlords and ten- ants. The rents were set freely. During the World War I, the market was hit by several...
Persistent link: https://www.econbiz.de/10010519865
New archival evidence on housing rents in Berlin over 1909-1917 is presented. The data are extracted from newspaper announcements and georeferenced. Using hedonic regressions quality-adjusted rent indices are constructed and employed to analyze the rental dynamics during World War I, when...
Persistent link: https://www.econbiz.de/10011720550
Persistent link: https://www.econbiz.de/10011654144
This paper introduces a new international longitudinal database of governmental housing policies. The regulations are measured using binary variables based on a thorough analysis of the real-time country-specific legislation. Three major restrictive policies are considered: rent control,...
Persistent link: https://www.econbiz.de/10011805832
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 solution, directing their attention to controling housing...
Persistent link: https://www.econbiz.de/10013461194
Persistent link: https://www.econbiz.de/10014535763
Urban areas confront a chronic shortage of housing, especially in the low-rent segment. This precarious situation is further exacerbated by major challenges, like the destruction of housing by wars and natural catastrophes, rapid increase of demand, or pandemics cutting incomes. In response, the...
Persistent link: https://www.econbiz.de/10014632268
Urban areas are confronted with a chronic shortage of housing, especially in the low-rent segment. This precarious situation is further exacerbated by major challenges, like the destruction of housing by wars and natural catastrophes, rapid increase of demand, or a pandemic cutting incomes. In...
Persistent link: https://www.econbiz.de/10014469894
Housing markets are affected by a large variety of factors. Among them, governmental regulations play an important role. Besides desired effects, all these policies exert a number of side effects, some of which can even offset the desired effects. In addition, different policies can cancel out...
Persistent link: https://www.econbiz.de/10015373983
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...
Persistent link: https://www.econbiz.de/10014040904