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Ralph Henger / Kirill Pomogajko / Michael Voigtländer IW-Trends No. 3 25. September 2012 Is There a Speculative Bubble in the German Residential Property Market?
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Is There a Speculative Bubble in the German Residential Property Market?
Ralph Henger / Kirill Pomogajko / Michael Voigtländer IW-Trends No. 3 25. September 2012

Is There a Speculative Bubble in the German Residential Property Market?

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

In the years 2010 and 2011 prices for residential property throughout Germany have risen in real terms for the first time in a decade. At up to 5 percent per annum the price increases in some metropolitan areas are so steep that there are fears of an overheated market or the development of a speculative bubble. In fact, however, there are no signs of a speculative bubble in the German property market. On the contrary, prices are following rents and the strong growth in the economy. The main drivers of the dynamic price development in large cities are re-urbanisation and the desire of investors to find a safe place to put their money.

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Download PDF
Is There a Speculative Bubble in the German Residential Property Market?
Ralph Henger / Kirill Pomogajko / Michael Voigtländer IW-Trends No. 3 25. September 2012

Is There a Speculative Bubble in the German Residential Property Market?

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

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Aufnahme eines älteren Mannes, der ein digitales Tablet benutzt, während seine Frau zu Hause eine Zeitung liest
Philipp Deschermeier IW-Trends No. 2 14. August 2023

Housing for the Elderly

Many older people share the desire to be able to live independently in the familiar surroundings of their own home for as long as possible. Accidents and illness, however, can soon put an end to such autonomy.

IW

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Christine Whitehead / Kath Scanlon / Michael Voigtländer / Jacob Karlsson / Fanny Blanc / Martina Rotolo Expertise 3. July 2023

Financialization in 13 cities – an international comparative report

Over the last 20 years, financialization of the housing market has become a topic of increasing public and political concern, especially in high-demand cities. It has also become an important element in academic discussion.

IW

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