IDEAS home Printed from https://ideas.repec.org/a/taf/intjhp/v23y2023i4p692-711.html
   My bibliography  Save this article

Supply side effects of the Berlin rent freeze

Author

Listed:
  • Pekka Sagner
  • Michael Voigtländer

Abstract

On 23 February 2020, the Berlin Senate introduced the Berlin rent freeze (‘Mietendeckel’). The law was repealed on 25 March 2021. The Berlin rent freeze was an unprecedented market intervention in the German housing market. We analyse how the rent cap part of the legislation which fixed rents at below market levels affected the supply side in the short term. We find rent decreases accompanied by decreases in supply five times as large. We further investigate spillover effects on the purchase market, regionally heterogeneous effects as well as different effects by dwelling characteristics. We find the rent freeze did not have spillover effects on dwellings for sale which point to a ‘wait-and-see-attitude’ on the investors’ side. We make use of a rich dataset of real estate advertisements and employ hedonic difference-in-difference and triple-difference estimation strategies.

Suggested Citation

  • Pekka Sagner & Michael Voigtländer, 2023. "Supply side effects of the Berlin rent freeze," International Journal of Housing Policy, Taylor & Francis Journals, vol. 23(4), pages 692-711, October.
    • Handle: RePEc:taf:intjhp:v:23:y:2023:i:4:p:692-711
    DOI: 10.1080/19491247.2022.2059844
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/19491247.2022.2059844
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/19491247.2022.2059844?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:taf:intjhp:v:23:y:2023:i:4:p:692-711. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REUJ20 .

    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.