Explaining spatial variation in homeownership rates: Results for German regions

Arbeitspapier

A wide range of aggregate data is used to examine the spatial variation in homeownership rates among a cross-section of 96 German planning regions. The analysis accounts for potential endogeneity of prices and affordability as well as for spatial dependence in homeownership levels. In addition to familiar demographic and socioeconomic variables, the regional price and affordability of owner-occupied housing, and the regional composition of the housing stock can be identified as important determinants of regional tenure choice patterns. At large, the above factors suffice to explain both the substantial disparities in homeownership rates between eastern and western Germany as well as between rural, urbanized and agglomerated locations. The results of this study offer some interesting implications for housing policy.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CESifo Working Paper ; No. 3377

Classification and Topics

• Classification: Wirtschaft ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand ; Housing Supply and Markets ; Production Analysis and Firm Location: Government Policy
• Subject: homeownership ; German regions ; housing policy ; Wohneigentum ; Besitzformwahl ; Regionale Disparität ; Wohnungspolitik ; Deutschland

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lerbs, Oliver ; Oberst, Christian
• Event: Veröffentlichung
• (who): Center for Economic Studies and ifo Institute (CESifo)
• (where): Munich
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/46292
• Last update: 10.03.2025, 11:43 AM CET