This paper examines the evolution of the Portuguese residential real estate market during the first twenty-five years of the 21st century, focusing on the short-run determinants of housing transaction values. Using quarterly data from 2000 to 2025, the study applies an econometric time-series...

This paper introduces a repeated-sales algorithm tailored for the German real estate market, addressing the lack of such data. Utilizing the dataset RWI-GEO-RED from FDZ Ruhr at RWI, which exploits data from ImmobilienScout24.de, the algorithm classifies repeat-sales and repeat-rent listings,...

This study estimates the causal impact of Airbnb expansion on local housing prices by exploiting the 2017 total solar eclipse as a natural experiment. The eclipse's path of totality created a exogenous temporary demand for short-term rentals that resulted in a persistent increase in area supply...

Mobility matches open housing markets. With constrained mobility and partially open housing markets, market responses reflect the constraints. We study this mechanism by examining disparity in access to public schools across socio-economic groups, focusing on properties near primary schools...

This paper examines the quantile connectedness between Real Estate Investment Trusts (REITs), housing market sentiment, and stock market sentiment in the U.S. over the period between January 2014 and June 2022 using the quantile vector autoregression (QVAR) model. We find modest spillover...

In this study, we conduct an email correspondence test to examine ethnic discrimination against males with different immigration backgrounds (Serbian, Turkish/Muslim and Syrian/Muslim) in the Austrian rental housing market. In particular, we investigate the effect that immigrant generation has...

We study the effects of rental price changes on college enrollment rates. We exploit cross-district variation in the size and timing of local rental price booms in Germany during the 2010s. A one standard deviation increase in apartment rents decreased per-capita college enrollment by 1.1...

We document a novel transmission channel of monetary policy through the homeowners insurance market. On average, contractionary monetary policy shocks result in higher homeowners insurance prices. Using granular data on insurers' balance sheets, we show that this effect is driven by the...

This paper examines the relationship between location, liquidity, and prices in housing markets. We construct spatial datasets for German and U.S. cities and show that liquidity and prices decline with distance to the city center. To rationalize these results, we build a structural model with...

Over the past 150 years, living space consumption has increased significantly-in Germany from less than half a room to almost two rooms per capita. The average living space per person more than doubled between 1956 and 2024, reaching 49.2 square meters. Rising incomes enabled the construction of...

The EU member states of Central, Eastern and Southeastern Europe (CESEE) experienced strong house price growth, on average, in the second and third quarter of 2025. A key contributing factor was the stable macroeconomic environment, particularly the strong performance of the labor market, which...

This chapter presents an overview of the social housing system in Germany. Unlike in many other contexts, social housing in Germany is conceived as a temporary, marketcorrecting policy; therefore, the social housing function is limited in time. While partially provided by the state, it is...

This chapter examines how Portugal's housing policy has evolved over recent decades and how this trajectory has shaped the current housing crisis. It explores how core policy concepts - such as social and affordable housing - have been defined and implemented, revealing the logic and limits of...

The Serbian case illustrates the complex interplay between post-socialist transformations, market liberalisation, and the retreat of the state from housing provision. Despite a comprehensive legal framework, social housing (redefined in 2016 as "housing support") remains marginal, representing...