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Impact of Public Policy Measures on the German Real Estate Market

  • Book
  • © 2016

Overview

Authors:
  1. Christopher Yvo Oertel

    1. Real Estate Management Institute, EBS Business School, Wiesbaden, Germany

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  • Publication in the field of economic sciences
  • Includes supplementary material: sn.pub/extras

Part of the book series: Essays in Real Estate Research (ERER)

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Table of contents (4 chapters)

  1. Front Matter

    Pages I-XVII
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  2. Introduction

    • Christopher Yvo Oertel
    Pages 1-9

  3. The Home-Ownership Allowance and Residential Real Estate Prices

    • Christopher Yvo Oertel
    Pages 10-33

  4. The Tenancy Law Reform Act of 2001 and the Risk Perception of Residential Real Estate Investments

    • Christopher Yvo Oertel
    Pages 34-56

  5. The Municipal Trade Tax Multiplier and Office Purchase Prices and Rents

    • Christopher Yvo Oertel
    Pages 57-76

  6. Back Matter

    Pages 77-106
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Keywords

About this book

Christopher Oertel studies the impact of public policy measures on the German real estate market and confirms the assumptions, which imply that a city can influence its economic position in relation to nearby cities in the short run by making use of this tax instrument. His analyses begin with an examination of the German residential real estate market from a consumption good perspective. The findings indicate that the home-ownership allowance had a distorting effect by capitalizing into residential real estate prices, although at lower than expected rates. Then the author studies the German residential real estate market from an investment good perspective. Investigating an important amendment of the German tenancy legislation, there is a positive, yet insignificant relationship between the tenancy law reform act and the development of the cap rate. The analysis is completed by focussing on the German office market and investigating how its rental levels and gross purchase prices areaffected by changes in the municipal trade tax multiplier.

Authors and Affiliations

  • Real Estate Management Institute, EBS Business School, Wiesbaden, Germany

    Christopher Yvo Oertel

About the author

Dr. Christopher Yvo Oertel wrote his dissertation at the Real Estate Management Institute (REMI) of the EBS European Business School.

Bibliographic Information

  • Book Title: Impact of Public Policy Measures on the German Real Estate Market

  • Authors: Christopher Yvo Oertel

  • Series Title: Essays in Real Estate Research

  • DOI: https://doi.org/10.1007/978-3-658-11553-1

  • Publisher: Springer Gabler Wiesbaden

  • eBook Packages: Business and Management, Business and Management (R0)

  • Copyright Information: Springer Fachmedien Wiesbaden 2016

  • Hardcover ISBN: 978-3-658-11552-4Published: 28 November 2015

  • Softcover ISBN: 978-3-658-14092-2Published: 23 August 2016

  • eBook ISBN: 978-3-658-11553-1Published: 17 November 2015

  • Series ISSN: 2570-2246

  • Series E-ISSN: 2570-2254

  • Edition Number: 1

  • Number of Pages: XVII, 106

  • Number of Illustrations: 24 illustrations in colour

  • Topics: Real Estate Management, Finance, general

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