%A Johann Trenkler
%D 2022
%L theses_frw3811
%X This study presents an extensive analysis of residential apartment yields across all 401
German counties in 2019. Spatial disparities are uncovered whereby the focus lies on
differences between eastern (formerly belonging to the German Democratic Republic)
and western German counties and to a lesser extent on differences between rural
and urban areas. The aim is to uncover regional determinants of yields. Linear regression
models are estimated using regional economic data. The findings reveal significant
differences in yields between eastern and western, but also between northern
and southern German states. Even 30 years after reunifying, eastern German states
show yields considerably above the national average. At the same time, yields in
Bavaria, certain coastal areas and major urban regions are particularly low. This is
associated with different characteristics of regional drivers such as contrasting levels
of household income. The findings of this study may inform institutional and private
investors.
%T Assessing regional structures in German residential apartment yields