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Philipp Deschermeier / Heide Haas / Michael Voigtländer at the Journal of Housing and the Built Environment External Publication 4. January 2019 The case of North Rhine-Westphalia: Impact of housing market transformation in Germany on affordable housing

The German housing market has changed significantly since the first decade of the new millennium. A considerable amount of public sector and company-owned employee housing has been sold off, while a number of large publicly listed real estate firms have emerged. This has been particularly evident in North Rhine-Westphalia.

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Impact of housing market transformation in Germany on affordable housing
Philipp Deschermeier / Heide Haas / Michael Voigtländer at the Journal of Housing and the Built Environment External Publication 4. January 2019

The case of North Rhine-Westphalia: Impact of housing market transformation in Germany on affordable housing

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German Economic Institute (IW) German Economic Institute (IW)

The German housing market has changed significantly since the first decade of the new millennium. A considerable amount of public sector and company-owned employee housing has been sold off, while a number of large publicly listed real estate firms have emerged. This has been particularly evident in North Rhine-Westphalia.

This paper examines the consequences of these changes for the development of rental prices, especially at the lower end of the market, by analysing 300,000 advertisements for rental homes in the ten largest cities in North Rhine-Westphalia. The results show that on average, and taking quality and location into account, the least expensive rental homes are offered by larger housing organisations with co-operatives being especially well priced, while there are only moderate differences between public companies and big private companies. One explanation may be that the rent policies of large private and public providers have converged, while co-operative housing associations still provide rental homes considerably more cheaply.

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Impact of housing market transformation in Germany on affordable housing
Philipp Deschermeier / Heide Haas / Michael Voigtländer at the Journal of Housing and the Built Environment External Publication 4. January 2019

The case of North Rhine-Westphalia: Impact of housing market transformation in Germany on affordable housing

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German Economic Institute (IW) German Economic Institute (IW)

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Pekka Sagner / Michael Voigtländer in International Journal of Housing Policy External Publication 6. May 2022

Supply side effects of the Berlin rent freeze

On 23 February 2020, the Berlin Senate introduced the Berlin rent freeze (‘Mietendeckel’). The law was repealed on 25 March 2021. The Berlin rent freeze was an unprecedented market intervention in the German housing market.

IW

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Michael Voigtländer / Jonas Zdrzalek IW-Trends No. 1 14. April 2022

An Analysis of the Current Risk Levels in Residential Real Estate Financing in Germany

The German Federal Financial Supervisory Authority (BaFin) is keeping a watchful eye on the granting of housing mortgages and from 2023 on will require lending banks to increase their equity capital to cover potential risks.

IW

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