Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155715
Authors: 
Hiller, Norbert
Year of Publication: 
2014
Citation: 
[Journal:] Wirtschaftsdienst [ISSN:] 1613-978X [Publisher:] Springer [Place:] Heidelberg [Volume:] 94 [Year:] 2014 [Issue:] 10 [Pages:] 748-755
Abstract: 
Durch die Niedrigzinspolitik der EZB ist der Immobilienmarkt der Gefahr einer Preisblase ausgesetzt. Da eine Zinserhöhung in nächster Zeit nicht zu erwarten ist, rücken andere institutionelle Handlungsmöglichkeiten in den Fokus. Hohe Eigenkapitalquoten sowohl der Kreditnehmer als auch der Banken sowie lange Zinsbindungsfristen können Preisblasen entgegenwirken.
Abstract (Translated): 
After the financial crisis, some Euro countries are still facing major economic problems. They require favourable interest rate conditions in order to free themselves from their difficulties. But due to the low interest rate policy of the ECB, the risk of a housing price bubble in Germany is increasing. Since a rise in interest rates is not expected in the near future, other national institutional possibilities come to the fore. High capital ratios of both the borrower and the banks, and long rate fixation periods may counteract the development and impact of price bubbles. This might improve the stability of the German real estate market.
JEL: 
E58
F33
P25
Persistent Identifier of the first edition: 
Document Type: 
Article

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