The German Real Estate Transfer Tax: Evidence for Single-Family Home Transactions

Arbeitspapier

This paper uses recent data for single-family home purchases to study the effects of theGerman real estate transfer tax. We aim to separate the tax’s short-term anticipatoryeffects from its long-term effects on real estate transactions. The data indicate that anincrease in the transfer tax is negatively correlated with the number of transactions thattake place in the market for single-family homes. We estimate that a one percentagepoint higher transfer tax produces enormous anticipation effects and yields approximately6% fewer transactions over the long run.

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• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ifo Working Paper ; No. 232

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Taxation, Subsidies, and Revenue: General ; State and Local Taxation, Subsidies, and Revenue ; Real Estate Markets, Spatial Production Analysis, and Firm Location: General
• Thema: Real estate transfer tax ; housing markets ; property taxation ; anticipation effects

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Fritzsche, Carolin ; Vandrei, Lars
• Ereignis: Veröffentlichung
• (wer): ifo Institute - Leibniz Institute for Economic Research at the University of Munich
• (wo): Munich
• (wann): 2016

Weitere Informationen

• Handle: http://hdl.handle.net/10419/149554