Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/149554
Authors: 
Fritzsche, Carolin
Vandrei, Lars
Year of Publication: 
2016
Series/Report no.: 
Ifo Working Paper 232
Abstract: 
This paper uses recent data for single-family home purchases to study the effects of theGerman real estate transfer tax. We aim to separate the tax’s short-term anticipatoryeffects from its long-term effects on real estate transactions. The data indicate that anincrease in the transfer tax is negatively correlated with the number of transactions thattake place in the market for single-family homes. We estimate that a one percentagepoint higher transfer tax produces enormous anticipation effects and yields approximately6% fewer transactions over the long run.
Subjects: 
Real estate transfer tax
housing markets
property taxation
anticipation effects
JEL: 
H20
H71
R30
Document Type: 
Working Paper

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