Der Immobilienmarkt in Deutschland hat sich wieder stabilisiert. Es entweicht noch Luft aus der nun seit einem Jahrzehnt währenden spekulativen Preisblase. Die Immobilienpreise sind im Laufe des Jahres 2024 in allen Segmenten und den meisten Regionen weiter gefallen: In über 150 Städten waren...

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...

The German economy is stuck in a period of stagnation: Following two years of consecutive slight declines in GDP, growth is not expected for 2025 either. Weak exports, rising unemployment worries, and the resulting reserved private consumption and economic policy uncertainty are slowing the...

Despite rather skeptical attitude of the economists toward the state intervention in the housing markets, the policy makers and general public typically are supporting it. As a result, in many European countries, since World War I the rent and eviction controls as well as social housing policies...

Der Wohnungsmarkt hat in den vergangenen Jahrzehnten sowohl in der politischen Debatte als auch in der medialen Berichterstattung immer wieder eine zentrale Rolle gespielt. Dieser Wochenbericht analysiert die Plenarprotokolle und Drucksachen des Deutschen Bundestags von 1950 bis 2024 und...

In 2020, Berlin introduced a rigorous rent-control policy responding to soaring rents by setting a cap on rental prices: the Mietendeckel (rent freeze). The policy was revoked one year later by the German Constitutional Court. Although successful in reducing rents during its duration, the...

Housing affordability is a hotly debated issue on global scale. A lack of affordable housing of decent quality is a chronic problem in urban areas. Governments try to alleviate it by stimulating homeownership among middle-income households and providing social housing for the low-income...