Arbeitspapier
Shrinking and growing metropolitan areas - asymmetric real estate price reactions? The Case of German single-family houses
The population of Germany will be one of the first in the western hemisphere to undergo considerable permanent shrinkage. In view of the relatively low elasticities of supply and demand significant negative price reactions might be expected. This work supplements existing studies by estimating real estate prices for single-family homes on the disaggregate level of Germany's metropolitan areas. It highlights asymmetric price reactions: growth in population numbers has no significant price effects, whereas declining population numbers lead to significant negative price effects.
- ISBN
-
978-3-940369-27-7
- Language
-
Englisch
- Bibliographic citation
-
Series: Hamburg Contemporary Economic Discussions ; No. 6
- Classification
-
Wirtschaft
Size and Spatial Distributions of Regional Economic Activity
Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
Housing Supply and Markets
- Subject
-
shrinking population
real estates
asymmetric price reactions
regional analysis
- Event
-
Geistige Schöpfung
- (who)
-
Dust, Lisa
Maennig, Wolfgang
- Event
-
Veröffentlichung
- (who)
-
University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy
- (where)
-
Hamburg
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Dust, Lisa
- Maennig, Wolfgang
- University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy
Time of origin
- 2007
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