30.11.2022 • 28/2022
Stricter rules for banks can relieve real estate markets
Exuberant price levels in the German real estate market could further exacerbate an economic crisis. Fiscal instruments exert too little influence to contain this danger, shows a study by the Halle Institute for Economic Research (IWH).
Read press release
European Real Estate Prices
IWH Technical Reports,
Real estate markets are pivotal to financial stability given their dual role as the underlying asset of crucial financial products in financial systems, such as mortgage loans and asset-backed securities, and the primary source of household wealth alike. As such, they also play traditionally a crucial role for the transmission of monetary policy. Imbalances and sudden corrections in real estate markets have been the root cause of many financial crises over the last decades. But whereas some national, often survey-based indicators of real estate prices are provided by central banks and statistical offices, a comprehensive collection of purchase prices, rents, and proxies for the liquidity of European real estate markets is lacking. The IWH European Real Estate Index (EREI) seeks to fill this void for residential property. This technical report describes the gathering and processing of sale and rental prices for properties in 18 European countries. We provide the general scrapeing step in the section before describing country-specific details for each country in separated sub-sections.
The German Economy Continues its Downturn High inflation, increased interest rates, weak foreign demand and uncertainty...
The Nasty Gap 30 years after unification: Why East Germany is still 20% poorer than the...
Financial Systems: The Anatomy of the Market Economy How the financial system is...
Three Research Clusters ...
IWH European Real Estate Index
IWH European Real Estate Index The IWH European Real Estate Database is a new data...
Transformation tables for administrative borders in Germany
Transformation tables for administrative borders in Germany The state has the ability...
IWH FDI Micro Database
IWH FDI Micro Database The IWH FDI Micro Database (FDI = Foreign Direct...