publication . Article . 2015

Housing Markets in Austria, Germany and Switzerland

Martin Schneider; Karin Wagner;
Open Access
  • Published: 01 Jan 2015
Abstract
Running counter to the sharp rise in house prices and housing wealth observed since the mid- 1990s in the vast majority of European countries, real house prices in Germany and Austria were going down in this period and did not start to rise until 2010 or 2007, respectively. This reflects national idiosyncracies in housing markets and motivated the discussion of relevant peculiarities in, and similarities among, Austria and Germany as well as Switzerland. Among the most important structural features that ensured housing market stability in these three countries during the last decade are well-developed rental markets, low homeownership ratios and conservative len...
Subjects
free text keywords: house prices, rental markets, housing finance, taxation, jel:R31, jel:E32, jel:E44
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