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Auswirkungen der Finanz- und Schuldenkrise auf den deutschen Eigenheimsektor

Author

Listed:
  • Oliver Lerbs
  • Christian Oberst
  • Michael Jorch

Abstract

Die Auswirkungen der Finanz- und Wirtschaftskrise auf den Markt für selbst-genutzte Wohnimmobilien in Deutschland sind bislang kaum untersucht. Dieser Beitrag analysiert die in Folge der Krise auf dem deutschen Eigenheimmarkt stattfindenden Anpassungsmechanismen innerhalb eines theoretischen Modells und leitete Aussagen darüber ab, wie die wichtigsten Marktgrößen durch die Krise beeinflusst werden. Um die Aussagekraft der auf Basis des Modells getroffenen qualitativen Erkenntnisse zu überprüfen, werden die Modellaussagen der tatsächlichen aktuellen Entwicklung ausgewählter Wohnungsmarktindikatoren gegenübergestellt. Wie sich zeigt, ist die Finanzkrise nicht notwendigerweise mit negativen Auswirkungen auf den deutschen Ei-genheimsektor verbunden. Von Seiten des Kredit-, des Immobilienkapital- und des Neubaumarkts gehen Impulse aus, die die durch sinkende Einkommen und steigende Arbeitslosigkeit bedingte negative Beeinflussung der Nachfrage nach selbstgenutztem Wohnraum zumindest teilweise kompensieren.

Suggested Citation

  • Oliver Lerbs & Christian Oberst & Michael Jorch, "undated". "Auswirkungen der Finanz- und Schuldenkrise auf den deutschen Eigenheimsektor," Working Papers 201033, Institute of Spatial and Housing Economics, Munster Universitary.
    • Handle: RePEc:muc:wpaper:201033
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    References listed on IDEAS

    as
    1. Jack H. Rubens & Michael T. Bond & James R. Webb, 1989. "The Inflation-Hedging Effectiveness of Real Estate," Journal of Real Estate Research, American Real Estate Society, vol. 4(2), pages 45-56.
    2. Otto, Alkis Henri, 2009. "Die Auswirkungen der Finanzkrise auf die deutschen Wohnimmobilienmärkte," HWWI Policy Papers 1-22, Hamburg Institute of International Economics (HWWI).
    3. Poterba, James M, 1992. "Taxation and Housing: Old Questions, New Answers," American Economic Review, American Economic Association, vol. 82(2), pages 237-242, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Oliver W. Lerbs, 2014. "House prices, housing development costs, and the supply of new single-family housing in German counties and cities," Journal of Property Research, Taylor & Francis Journals, vol. 31(3), pages 183-210, September.
    2. Oliver Lerbs, "undated". "House Prices, Housing Development Costs, and the Supply of New Single-Family Housing in German Counties and Cities," Working Papers 201283, Institute of Spatial and Housing Economics, Munster Universitary.
    3. Lerbs, Oliver W., 2012. "House prices, housing development costs, and the supply of new single-family housing in German counties and cities," CAWM Discussion Papers 57, University of Münster, Münster Center for Economic Policy (MEP).

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    More about this item

    Keywords

    Wohnungsmarkt; Finanzkrise; Makromodell;
    All these keywords.

    JEL classification:

    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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