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http://hdl.handle.net/10419/37456
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| Title: | | Determinants of residential property prices in Germany: Evidence from a structural approach  |
| Authors: | | Kajuth, Florian |
| Issue Date: | | 2010 |
| Series/Report no.: | | Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: How Reliable are German Aggregate Price Indices? F2-V1 |
| Abstract: | | We use a GMM approach to estimate the impact of standard macroeconomic variables on house prices in Germany. In order to avoid interpolation of house price data we use annual data and look separately at the demand and supply side. Our findings suggest that nominal and real house prices in Germany are reasonably well explained by disposable income, population growth, construction costs and to a lesser extent by nominal interest rates. |
| Subjects: | | Residential property prices GMM housing demand and supply |
| JEL: | | R21 R31 E21 |
| Document Type: | | Conference Paper |
| Appears in Collections: | | Jahrestagung des Vereins für Socialpolitik 2010 (Kiel): Ökonomie der Familie
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