Klare, Christoph (2020) Exploring spatial disparities in residential house prices on a county level in Germany. Master thesis.
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Abstract
In the segmented German residential real estate market, house price levels differ substantially among counties. This thesis explores a variety of drivers that may explain spatial disparities of house prices between German counties. Supply and demand for regional house price levels include different aspects as economic, socio-cultural, infrastructural, real estate, and regulatory drivers. An OLS model is built to investigate the associations with house price levels on a county-level. A distinction is made across space between 16 federal states and 401 German counties. Further, I characterize differences across regions where I pay special attention to a variety of drivers, including the urban-rural sprawl. I find that not all drivers have equal dominance levels for regional house price levels. Findings not only reveal that personal income is positively and average age of the inhabitants is negatively associated with the regional house prices, but also that urban and western counties are positively associated with house prices.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Vlist, A.J. van der |
| Date Deposited: | 24 Nov 2020 11:21 |
| Last Modified: | 24 Nov 2020 11:21 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3392 |
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