Artikel
No Germany-wide housing bubble but overvaluation in regional markets and segments
Although the housing prices in the 127 largest German cities have surged strongly in recent years, there is still no sign of a Germanywide housing bubble. In comparison with 2009, the price of condominiums has risen by around 55 percent. Single-family houses cost between 38 and 45 percent more in 2016 than seven years prior, and building lot prices have risen by around 63 percent. The study at hand shows that concerns about a national housing bubble are largely unfounded. There may, however, be bubbles on the local level -primarily in the relatively small segment of new multi-story apartment buildings but also with regard to the valuation of undeveloped residential land. Given the situation, it seems appropriate that financial regulators have opened up more policy options in order to intervene when the market trend proves unsustainable. But because the measures were diluted in the federal legislative process, the need for policy-related action remains.
- Sprache
-
Englisch
- Erschienen in
-
Journal: DIW Economic Bulletin ; ISSN: 2192-7219 ; Volume: 7 ; Year: 2017 ; Issue: 25/26 ; Pages: 255-264 ; Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)
- Klassifikation
-
Wirtschaft
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Forecasting Models; Simulation Methods
- Thema
-
house prices
speculative bubble
explosive root
German cities
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kholodilin, Konstantin A.
Michelsen, Claus
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Kholodilin, Konstantin A.
- Michelsen, Claus
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2017
Ähnliche Objekte (12)
High risk of a housing bubble in Germany and most OECD countries
Signs of new housing bubble in many OECD countries: Lower risk in Germany
Is There a Bubble in the German Housing Market?
Wärmemonitor Deutschland 2014 : Rückläufiger Energiebedarf und lange Sanierungszyklen. 3. korrigierte Fassung
Housing Market Fundamentals, Housing Quality and Energy Consumption: Evidence from Germany
Housing Market Fundamentals, Housing Quality and Energy Consumption : Evidence from Germany
Small might be beautiful, but bigger performs better: Scale economies in "green" refurbishments of apartment housing
The improvement of housing conditions in post com-munist Germany - Market Mechanisms and Subsidy Impacts
What Happened to the East German Housing Market? – A Historical Perspective on the Role of Public Funding –
Im Fokus: Der lange Weg zur Energieeffizienz von Immobilien – Ergebnisse des ista-IWH-Energieeffizienzindex
Die hohe Schwelle ins Eigenheim
„Stadtumbau Ost“ in Sachsen: Differenzierterer Einsatz der Aufwertungsförderung notwendig!
High risk of a housing bubble in Germany and most OECD countries
Signs of new housing bubble in many OECD countries: Lower risk in Germany
Is There a Bubble in the German Housing Market?
Wärmemonitor Deutschland 2014 : Rückläufiger Energiebedarf und lange Sanierungszyklen. 3. korrigierte Fassung
Housing Market Fundamentals, Housing Quality and Energy Consumption: Evidence from Germany
Housing Market Fundamentals, Housing Quality and Energy Consumption : Evidence from Germany
Small might be beautiful, but bigger performs better: Scale economies in "green" refurbishments of apartment housing
The improvement of housing conditions in post com-munist Germany - Market Mechanisms and Subsidy Impacts
What Happened to the East German Housing Market? – A Historical Perspective on the Role of Public Funding –
Im Fokus: Der lange Weg zur Energieeffizienz von Immobilien – Ergebnisse des ista-IWH-Energieeffizienzindex
Die hohe Schwelle ins Eigenheim
„Stadtumbau Ost“ in Sachsen: Differenzierterer Einsatz der Aufwertungsförderung notwendig!
High risk of a housing bubble in Germany and most OECD countries
Signs of new housing bubble in many OECD countries: Lower risk in Germany
Is There a Bubble in the German Housing Market?
Wärmemonitor Deutschland 2014 : Rückläufiger Energiebedarf und lange Sanierungszyklen. 3. korrigierte Fassung
Housing Market Fundamentals, Housing Quality and Energy Consumption: Evidence from Germany
Housing Market Fundamentals, Housing Quality and Energy Consumption : Evidence from Germany
Small might be beautiful, but bigger performs better: Scale economies in "green" refurbishments of apartment housing
The improvement of housing conditions in post com-munist Germany - Market Mechanisms and Subsidy Impacts
What Happened to the East German Housing Market? – A Historical Perspective on the Role of Public Funding –
Im Fokus: Der lange Weg zur Energieeffizienz von Immobilien – Ergebnisse des ista-IWH-Energieeffizienzindex
Die hohe Schwelle ins Eigenheim