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Rental Market Regulation over the Last 100 Years in an International Comparison

Author

Listed:
  • Konstantin A. Kholodilin
  • Jan Philip Weber
  • Steffen Sebastian

Abstract

Residential rental markets regulations have become an integral part of everyday life in Germany as in almost all other countries. The strong house price and rent increases over the past decade have fueled social debate on this issue. Tenant movements worldwide are demanding tighter regulations and advocating for affordable housing as a central civil right. In contrast, those skeptical of regulation fear excessive levels will impair market mechanisms. Scientific analyses on this topic have so far often failed due to insufficient data. The present study addresses this problem and presents a unique dataset that quantifies rental market regulations. Indices for measuring regulation intensity are available for 64 countries and date back more than 100 years. The dataset enables an examination of regulation intensities and regimes in a cross-country comparison. Such a comparison shows that Germany—compared to the rest of Europe—has relatively intense rent control which has been tightened even further since 2015. The impact of these changes should be accompanied by further analysis in the future.

Suggested Citation

  • Konstantin A. Kholodilin & Jan Philip Weber & Steffen Sebastian, 2018. "Rental Market Regulation over the Last 100 Years in an International Comparison," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 8(45), pages 453-464.
    • Handle: RePEc:diw:diwdwr:dwr8-45-1
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.606715.de/dwr-18-45-1.pdf
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    Citations

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    Cited by:

    1. Wen, Lanjiao & Chatalova, Lioudmila & Zhang, Anlu, 2022. "Can China's unified construction land market mitigate urban land shortage? Evidence from Deqing and Nanhai, Eastern coastal China," Land Use Policy, Elsevier, vol. 115(C).
    2. Kholodilin, Konstantin A. & Limonov, Leonid E. & Waltl, Sofie R., 2021. "Housing rent dynamics and rent regulation in St. Petersburg (1880–1917)," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 81.
    3. Nieuwenhuis, Rense & Zagel, Hannah, 2022. "Housing conditions of single mothers in Europe: the role of housing policies," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Latest Ar, pages 1-1.
    4. Mense, Andreas & Michelsen, Claus & Cholodilin, Konstantin, 2019. "Rent control, market segmentation, and misallocation: Causal evidence from a large-scale policy intervention," FAU Discussion Papers in Economics 06/2019, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.

    More about this item

    Keywords

    Rent control; protection of tenants from eviction; housing rationing; regulation indices;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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