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Housing prices in Europe: continuing upward trend with marked regional differences

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  • Volker Rußig
  • André Scharmanski

Abstract

Faced with generally lower and falling rates of inflation as well as disappointing growth expectations, a discussion arose last year in Europe about the risks of deflation. In this connection housing prices also became the focus of public interest, with talk of the danger of massive price declines on the German and/or European housing markets and the risk of deflation. Based on calculations of the Ifo Institute, there was no massive decline in housing prices, but price declines differed strongly according to sectors and regions. In some countries there were indeed price declines, but these had no impact on deflation risks in the housing sector.

Suggested Citation

  • Volker Rußig & André Scharmanski, 2004. "Housing prices in Europe: continuing upward trend with marked regional differences," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(11), pages 30-36, June.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:11:p:30-36
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    File URL: https://www.ifo.de/DocDL/ifosd_2004_11_4.pdf
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    References listed on IDEAS

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    1. Paul van den Noord, 2005. "Tax Incentives and House Price Volatility in the Euro Area: Theory and Evidence," Economie Internationale, CEPII research center, issue 101, pages 29-45.
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    Cited by:

    1. Volker Rußig & Ludwig Dorffmeister, 2005. "Thirteen average annual incomes to buy a row house- Real estate price developments in Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(13), pages 20-30, July.
    2. Volker Rußig & Bettina Becker, 2006. "Housing completions in Europe remain at a high level - further results of the Euroconstruct winter conference 2005," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(05), pages 25-34, March.
    3. Volker Rußig, 2004. "Housing construction in Europe: a renewed decline after a short recovery," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(13), pages 22-28, July.
    4. Volker Rußig, 2005. "Renewed decline in owner-occupied houses dampens new residential construction in Europe – Results of the Euroconstruct Winter Conference 2004," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(02), pages 30-38, January.
    5. Volker Rußig, 2004. "Allmähliche Erholung in Europas Bauwirtschaft," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(15), pages 22-29, August.
    6. Volker Rußig, 2007. "New housing completions in Europe: Coming down slowly from the summit," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(14), pages 21-29, July.

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    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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