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A first analysis of the new German rent regulation

Author

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  • Philipp Deschermeier
  • Heide Haas
  • Marcel Hude
  • Michael Voigtländer

Abstract

With effect from 2015, the German Federal Government plans to regulate new lettings more strictly. The proposal is for rents to be kept no higher than 10% above the so-called ‘local reference rent’. How this significant intervention will work still remains unclear. In our study, we have therefore analysed almost 80,000 new tenancies provided by an online market platform in the year 2014 to see which would have been affected if the rent controls had already been in place. We compare rental accommodation advertised in Berlin and Cologne. Using a geographical information system (GIS), and with the help of statistical evaluations, the quality of the location can be established and applied to the analysis. The analyses show that the planned rent controls will not only affect a few rental offerings with asking prices wildly in excess of the rest of the market, but they will impact over a broad area. Overall, the observable effects differ between Berlin and Cologne.

Suggested Citation

  • Philipp Deschermeier & Heide Haas & Marcel Hude & Michael Voigtländer, 2016. "A first analysis of the new German rent regulation," International Journal of Housing Policy, Taylor & Francis Journals, vol. 16(3), pages 293-315, July.
    • Handle: RePEc:taf:intjhp:v:16:y:2016:i:3:p:293-315
    DOI: 10.1080/14616718.2015.1135858
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    Citations

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    Cited by:

    1. Bofinger, Peter & Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Wieland, Volker, 2018. "Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19 [Setting the Right Course for Economic Policy. Annual Report 2018/19]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201819.
    2. Konstantin A. Kholodilin & Andreas Mense & Claus Michelsen, 2016. "Market Break or Simply Fake? Empirics on the Causal Effects of Rent Controls in Germany," Discussion Papers of DIW Berlin 1584, DIW Berlin, German Institute for Economic Research.
    3. Mense, Andreas & Michelsen, Claus & Cholodilin, Konstantin A., 2017. "Empirics on the causal effects of rent control in Germany," FAU Discussion Papers in Economics 24/2017, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.
    4. Lorenz Thomschke, 2019. "Über die Evaluierung der Mietpreisbremse [On the evaluation of the German rental price break]," Zeitschrift für Immobilienökonomie (German Journal of Real Estate Research), Springer;Gesellschaft für Immobilienwirtschaftliche Forschung e. V., vol. 5(1), pages 21-36, November.
    5. O’Toole, Conor & Martinez-Cillero, Maria & Ahrens, Achim, 2021. "Price regulation, inflation, and nominal rigidity in housing rents," Journal of Housing Economics, Elsevier, vol. 52(C).
    6. Sebastian Steffen, 2016. "Reform von Mietspiegel und ortsüblicher Vergleichsmiete," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 65(3), pages 240-252, December.
    7. Miguel-Ángel López García, 2023. "Controles de alquileres," Hacienda Pública Española / Review of Public Economics, IEF, vol. 246(3), pages 165-206, September.

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