Impact of Public Policy Measures on the German Real Estate Market

Christopher Yvo Oertel (Autor)

Buch | Softcover

XVII, 106 Seiten

2016 | 1. Softcover reprint of the original 1st ed. 2016
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-14092-2 (ISBN)

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Christopher Oertel studies the impact of public policy measures on the German real estate market and confirms the assumptions, which imply that a city can influence its economic position in relation to nearby cities in the short run by making use of this tax instrument. His analyses begin with an examination of the German residential real estate market from a consumption good perspective. The findings indicate that the home-ownership allowance had a distorting effect by capitalizing into residential real estate prices, although at lower than expected rates. Then the author studies the German residential real estate market from an investment good perspective. Investigating an important amendment of the German tenancy legislation, there is a positive, yet insignificant relationship between the tenancy law reform act and the development of the cap rate. The analysis is completed by focussing on the German office market and investigating how its rental levels and gross purchase prices areaffected by changes in the municipal trade tax multiplier.

Dr. Christopher Yvo Oertel wrote his dissertation at the Real Estate Management Institute (REMI) of the EBS European Business School.

Introduction.- The Home-Ownership Allowance and Residential Real Estate Prices.- The Tenancy Law Reform Act of 2001 and the Risk Perception of Residential Real Estate Investments.- The Municipal Trade Tax Multiplier and Office Purchase Prices and Rents.- Summary, Practical Implications, and Further Research.

Erscheinungsdatum	19.08.2017
Reihe/Serie	Essays in Real Estate Research
Zusatzinfo	XVII, 106 p. 24 illus. in color.
Verlagsort	Wiesbaden
Sprache	englisch
Maße	148 x 210 mm
Gewicht	173 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
	Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
Schlagworte	consumption good perspective • economic position of cities • German real estate market • German tenancy legislation • investment good perspective • municipal trade tax multiplier • residential real estate prices
ISBN-10	3-658-14092-5 / 3658140925
ISBN-13	978-3-658-14092-2 / 9783658140922
Zustand	Neuware