Essays in Real Estate Research

Impact of Public Policy Measures on the German Real Estate Market

Authors: Oertel, Christopher Yvo

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  • Publication in the field of economic sciences

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  • ISBN 978-3-658-11553-1
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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 are affected by changes in the municipal trade tax multiplier.

About the authors

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

Table of contents (4 chapters)

Table of contents (4 chapters)
  • Introduction

    Pages 1-9

    Oertel, Dr. Christopher Yvo

  • The Home-Ownership Allowance and Residential Real Estate Prices

    Pages 10-33

    Oertel, Dr. Christopher Yvo

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

    Pages 34-56

    Oertel, Dr. Christopher Yvo

  • The Municipal Trade Tax Multiplier and Office Purchase Prices and Rents

    Pages 57-76

    Oertel, Dr. Christopher Yvo

Buy this book

eBook $59.99
price for USA in USD
  • ISBN 978-3-658-11553-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • Immediate eBook download after purchase and usable on all devices
  • Bulk discounts available
Hardcover $84.99
price for USA in USD
Softcover $79.99
price for USA in USD
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Bibliographic Information

Bibliographic Information
Book Title
Impact of Public Policy Measures on the German Real Estate Market
Authors
Series Title
Essays in Real Estate Research
Copyright
2016
Publisher
Gabler Verlag
Copyright Holder
Springer Fachmedien Wiesbaden
eBook ISBN
978-3-658-11553-1
DOI
10.1007/978-3-658-11553-1
Hardcover ISBN
978-3-658-11552-4
Softcover ISBN
978-3-658-14092-2
Series ISSN
2570-2246
Edition Number
1
Number of Pages
XVII, 106
Number of Illustrations
24 illustrations in colour
Topics