Explaining Regional Disparities in Housing Prices Across German Districts

verfasst von

L. Brausewetter, S.L. Thomsen, J. Trunzer

Abstract

Over the last decade, German housing prices have increased unprecedentedly. Drawing on quality-adjusted housing price data at the district level, we document large and increasing regional disparities: growth rates were higher in 1) the largest seven cities, 2) districts located in the south, and 3) districts with higher initial price levels. Indications of price bubbles are concentrated in the largest cities and in the purchasing market. Prices seem to be driven by the demand side: increasing population density, higher shares of academically educated employees and increasing purchasing power explain our findings, while supply remained relatively constrained in the short term.

Organisationseinheit(en)

Institut für Wirtschaftspolitik

Externe Organisation(en)

Forschungsinstitut zur Zukunft der Arbeit (IZA)
Zentrum für Europäische Wirtschaftsforschung GmbH (ZEW) Mannheim

Typ

Arbeitspapier/Diskussionspapier

Anzahl der Seiten

51

Publikationsdatum

2022

Publikationsstatus

Veröffentlicht

Ziele für nachhaltige Entwicklung

SDG 11 – Nachhaltige Städte und Gemeinschaften

Elektronische Version(en)

https://doi.org/10.2139/ssrn.4114772 (Zugang: Offen)
https://www.econstor.eu/handle/10419/251956 (Zugang: Offen)