IDEAS home Printed from https://ideas.repec.org/a/bla/reesec/v23y1995i4p441-474.html
   My bibliography  Save this article

Home Ownership Finance in Austria and Germany

Author

Listed:
  • Edwin Deutsch
  • Horst Tomann

Abstract

This paper studies the financial barriers to ownership entry in Austria and Germany. In both countries the financial institutions are similar but there are differences as to public assistance, mortgage markets and risk allocation. Various risk shifting mechanisms between borrowers, banking and the state, and their impacts on social costs and social efficiency, are discussed. The findings indicate possible credit‐rationing as an outcome of the current securitization methods used in Austrian and German bank intermediation and their interaction with subsidy and tax allowance instruments. The existing entry barriers have raised concerns among the current decision makers and may initiate financial reforms in the near future.

Suggested Citation

  • Edwin Deutsch & Horst Tomann, 1995. "Home Ownership Finance in Austria and Germany," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 23(4), pages 441-474, December.
  • Handle: RePEc:bla:reesec:v:23:y:1995:i:4:p:441-474
    DOI: 10.1111/1540-6229.00674
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1540-6229.00674
    Download Restriction: no

    File URL: https://libkey.io/10.1111/1540-6229.00674?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Margarete Czerny, 1990. "Aus WIFO-Gutachten: Zur Neugestaltung der Wohnungspolitik in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 63(10), pages 570-572, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gabriel Lee & Philipp Schmidt-Dengler & Bernhard Felderer & Christian Helmenstein, 2001. "Austrian Demography and Housing Demand: Is There a Connection," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 28(3), pages 259-276, September.
    2. Timo Hener, 2017. "Effects of labeled child benefits on family savings," Review of Economics of the Household, Springer, vol. 15(3), pages 759-777, September.
    3. Polterovich, Victor & Starkov, Oleg, 2006. "Проблема Трансплантации Ипотечных Институтов В Переходных Экономиках: Роль Стройсберкасс [The Problem of Transplantation of Housing Finance Institutions in Transition Economies: the Role of Contrac," MPRA Paper 21996, University Library of Munich, Germany.
    4. Blackwell, Timothy & Kohl, Sebastian, 2017. "Varieties of housing finance in historical perspective: The impact of mortgage finance systems on urban structures and homeownership," MPIfG Discussion Paper 17/2, Max Planck Institute for the Study of Societies.
    5. Timo Hener, 2013. "Labeling Effects of Child Benefits on Family Savings," ifo Working Paper Series 163, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    6. Horst Tomann, 1996. "Private Home-ownership Finance for Low-income Households," Urban Studies, Urban Studies Journal Limited, vol. 33(10), pages 1879-1889, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Franz Köppl, 1993. "Wohnbauförderung - aktuelle Probleme und Lösungsmöglichkeiten," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 19(4), pages 523-539.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:reesec:v:23:y:1995:i:4:p:441-474. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/areueea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.