Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/37456
Authors: 
Kajuth, Florian
Year of Publication: 
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

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