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Monitoring regionaler Immobilienpreise 2018: Entspannung am Häusermarkt, gestiegenes Blasenrisiko am Wohnungsmarkt

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  • Budde, Rüdiger
  • Micheli, Martin

Abstract

Mit diesem Beitrag untersucht das RWI nunmehr zum vierten Mal die Preisentwicklung deutscher Wohnimmobilien auf nicht nachhaltige Entwicklungen. Da Einkommensperspektiven eine zentrale Determinante von Immobilienpreisen darstellen, analysieren wir die Preisentwicklung auf der Ebene der Arbeitsmarktregionen. Obgleich Immobilienpreise in den vergangenen Monaten weiter deutlich angezogen haben, kann basierend auf einem Zeitreihenansatz kein Aufblähen einer deutschlandweiten Immobilienpreisblase festgestellt werden. Lediglich für einzelne Regionen gibt es Anzeichen einer nicht nachhaltigen Entwicklung. Gegenüber dem vorhergehenden Monitoring regionaler Immobilienpreise hat sich die Lage auf dem Häusermarkt etwas entspannt, während für Wohnungen die Zahl der Regionen mit Hinweisen auf problematische Preisentwicklungen zugenommen hat.

Suggested Citation

  • Budde, Rüdiger & Micheli, Martin, 2017. "Monitoring regionaler Immobilienpreise 2018: Entspannung am Häusermarkt, gestiegenes Blasenrisiko am Wohnungsmarkt," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 68(4), pages 55-68.
    • Handle: RePEc:zbw:rwikon:177919
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    References listed on IDEAS

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    1. Budde, Rüdiger & Micheli, Martin, 2016. "Monitoring regionaler Immobilienpreise 2016: Gefahr einer Überhitzung am Häusermarkt gestiegen," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 67(2), pages 17-30.
    2. an de Meulen, Philipp & Micheli, Martin & Schaffner, Sandra, 2014. "Documentation of German real estate market data: Sample of real estate advertisements on the internet platform ImmobilienScout24, 2007-2013," RWI Materialien 80, RWI - Leibniz-Institut für Wirtschaftsforschung.
    3. Budde, Rüdiger & Micheli, Martin, 2013. "Monitoring regionaler Immobilienpreise," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 64(4), pages 31-47.
    4. repec:zbw:rwimat:080 is not listed on IDEAS
    5. Busetti, Fabio & Taylor, A. M. Robert, 2004. "Tests of stationarity against a change in persistence," Journal of Econometrics, Elsevier, vol. 123(1), pages 33-66, November.
    6. Budde, Rüdiger & Micheli, Martin, 2014. "Monitoring regionaler Immobilienpreise 2014: Preisauftrieb auf breiter Front - aber geringe Gefahr von Blasen," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 65(4), pages 31-43.
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    Cited by:

    1. Markus Hertrich, 2019. "A Novel Housing Price Misalignment Indicator for Germany," German Economic Review, Verein für Socialpolitik, vol. 20(4), pages 759-794, November.

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