IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v57y2004i11p30-36.html
   My bibliography  Save this article

Wohnimmobilienpreise in Europa: Anhaltende Aufwärtstendenz mit ausgeprägten Entwicklungsunterschieden

Author

Listed:
  • Volker Rußig
  • André Scharmanski

Abstract

Angesichts generell niedriger und weiter sinkender Inflationsraten sowie abermals enttäuschter Wachstumserwartungen kam im vergangenen Jahr in Europa eine Diskussion über sich abzeichnende Deflationsrisiken auf. In diesem Zusammenhang rückte auch der Wohnimmobilienbereich ins Blickfeld des öffentlichen Interesses: Von einer Gefahr massiver Preiseinbrüche auf den deutschen bzw. europäischen Wohnimmobilienmärkten und deshalb drohenden Deflationsrisiken war die Rede. Nach Berechnungen des ifo Instituts kam es in Deutschland zu keinem massiven Einbruch bei den Wohnimmobilienpreisen, wohl aber zu sektoral und regional unterschiedlich stark ausgeprägten Preisrückgängen. In einigen Ländern gab es zwar Preisrückgänge, aber von einem wesentlichen Beitrag des Wohnungssektors zu Deflationsrisiken kann nicht die Rede sein.

Suggested Citation

  • Volker Rußig & André Scharmanski, 2004. "Wohnimmobilienpreise in Europa: Anhaltende Aufwärtstendenz mit ausgeprägten Entwicklungsunterschieden," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(11), pages 30-36, June.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:11:p:30-36
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifosd_2004_11_4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul van den Noord, 2005. "Tax Incentives and House Price Volatility in the Euro Area: Theory and Evidence," Economie Internationale, CEPII research center, issue 101, pages 29-45.
    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. Volker Rußig & Ludwig Dorffmeister, 2005. "Dreizehn Jahreseinkommen für ein Reihenhaus - Zu Niveau und Entwicklung der Wohnimmobilienpreise," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(13), pages 20-30, July.
    2. Volker Rußig & Bettina Becker, 2006. "Wohnungsfertigstellungen in Europa bleiben auf hohem Niveau - Weitere Ergebnisse der Euroconstruct-Winterkonferenz 2005," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(05), pages 25-34, March.
    3. Volker Rußig, 2004. "Wohnungsneubau in Europa: Nach kurzer Erholung erneut leichter Rückgang," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(13), pages 22-28, July.
    4. Volker Rußig, 2005. "Erneuter Rückgang bei Eigenheimen dämpft Wohnungsneubau in Europa - Ausgewählte Ergebnisse der Euroconstruct-Winterkonferenz 2004," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(02), pages 30-38, January.
    5. Volker Rußig, 2004. "Allmähliche Erholung in Europas Bauwirtschaft," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(15), pages 22-29, August.
    6. Volker Rußig, 2007. "Wohnungsfertigstellungen in Europa: Sanfter Abstieg vom Gipfel," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(14), pages 21-29, July.

    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. Douglas Sutherland & Peter Hoeller & Balázs Égert & Oliver Röhn, 2010. "Counter-cyclical Economic Policy," OECD Economics Department Working Papers 760, OECD Publishing.
    2. Haug, Peter (Ed.) & Rosenfeld, Martin T. W. (Ed.) & Weiß, Dominik (Ed.), 2012. "Zur Zukunft der kommunalen Wohnungspolitik in Deutschland und Europa. Tagungsband: Referate und Diskussionen im Rahmen des 3. Halleschen Kolloquiums zur Kommunalen Wirtschaft am 5. und 6. November 200," IWH-Sonderhefte 3/2012, Halle Institute for Economic Research (IWH).
    3. Crowe, Christopher & Dell’Ariccia, Giovanni & Igan, Deniz & Rabanal, Pau, 2013. "How to deal with real estate booms: Lessons from country experiences," Journal of Financial Stability, Elsevier, vol. 9(3), pages 300-319.
    4. Erik Canton & Philipp Mohl & Adriana Reut & Melanie Ward-Warmedinger, 2016. "How to make the Economic and Monetary Union more resilient?," Quarterly Report on the Euro Area (QREA), Directorate General Economic and Financial Affairs (DG ECFIN), European Commission, vol. 15(3), pages 7-18, December.
    5. Dan Andrews, 2010. "Real House Prices in OECD Countries: The Role of Demand Shocks and Structural and Policy Factors," OECD Economics Department Working Papers 831, OECD Publishing.
    6. repec:hal:spmain:info:hdl:2441/1756 is not listed on IDEAS
    7. Setzer, Ralph & van den Noord, Paul & Wolff, Guntram B., 2011. "Heterogeneity in money holdings across euro area countries: The role of housing," European Journal of Political Economy, Elsevier, vol. 27(4), pages 764-780.
    8. Erik Canton & Nicolas Carnot & Ulrich Clemens & Martin Larch & Philipp Mohl & Nigel Nagarajan & Adriana Reut & Borek Vasicek & Melanie Ward-Warmedinger, . "Quarterly Report on the Euro Area (QREA), Vol.15, No.3 (2016)," Quarterly Report on the Euro Area (QREA), Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    9. Dreger, Christian & Kholodilin, Konstantin A., 2013. "An early warning system to predict speculative house price bubbles," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 7, pages 1-26.
    10. Thomas Hemmelgarn & Gaetan Nicodeme, 2010. "The 2008 Financial Crisis and Taxation Policy," Taxation Papers 20, Directorate General Taxation and Customs Union, European Commission.
    11. repec:hal:spmain:info:hdl:2441/2822 is not listed on IDEAS
    12. Lenarčič, Črt & Zorko, Robert & Herman, Uroš & Savšek, Simon, 2016. "A Primer on Slovene House Prices Forecast," MPRA Paper 103552, University Library of Munich, Germany.
    13. Aida Caldera Sánchez & Morten Rasmussen & Oliver Röhn, 2016. "Economic Resilience: What Role for Policies?," Journal of International Commerce, Economics and Policy (JICEP), World Scientific Publishing Co. Pte. Ltd., vol. 7(02), pages 1-44, June.
    14. European Commission, 2011. "Tax Reforms in EU Member States 2011: tax policy challenges for economic growth and fiscal sustainability," Taxation Papers 28, Directorate General Taxation and Customs Union, European Commission.
    15. Christophe André, 2010. "A Bird's Eye View of OECD Housing Markets," OECD Economics Department Working Papers 746, OECD Publishing.
    16. Agnello, Luca & Schuknecht, Ludger, 2011. "Booms and busts in housing markets: Determinants and implications," Journal of Housing Economics, Elsevier, vol. 20(3), pages 171-190, September.
    17. Alan Ahearne & Juan Delgado & Jakob von Weizsäcker, 2008. "A tail of two countries," Policy Briefs 6, Bruegel.
    18. Luigi, Bernardi, 2011. "Economic crisis and taxation in Europe," MPRA Paper 31007, University Library of Munich, Germany.
    19. Agustin Redonda, 2016. "Tax Expenditures and Sustainability. An Overview," Discussion Notes 1603, Council on Economic Policies.
    20. Martin Schneider & Karin Wagner, 2016. "Housing markets in Austria, Germany and Switzerland," Chapters from NBP Conference Publications, in: Hanna Augustyniak & Jacek Łaszek & Krzysztof Olszewski & Joanna Waszczuk (ed.), Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, chapter 6, pages v1, 143-1, Narodowy Bank Polski.
    21. Thomas Hemmelgarn & Gaetan Nicodeme & Ernesto Zangari, 2011. "The Role of Housing Tax Provisions in the 2008 Financial Crisis," Taxation Papers 27, Directorate General Taxation and Customs Union, European Commission.
    22. Mr. Tigran Poghosyan, 2016. "Can Property Taxes Reduce House Price Volatility? Evidence from U.S. Regions," IMF Working Papers 2016/216, International Monetary Fund.

    More about this item

    Keywords

    Wohnimmobilien; Immobilienpreis; Inflation; Deflation; Immobilienmarkt; Europa;
    All these keywords.

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    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:ces:ifosdt:v:57:y:2004:i:11:p:30-36. 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: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.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.