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The Price-Dampening Effect of Non-profit Housing

Author

Listed:
  • Michael Klien
  • Peter Huber
  • Peter Reschenhofer
  • Gerlinde Gutheil-Knopp-Kirchwald
  • Gerald Kössl

    (Austrian Federation of Limited-Profit Housing Associations)

Abstract

This Research Brief provides an overview of the main findings of the study "The Price-Dampening Effect of Non-profit Housing". The study examined the impact of non-profit housing in Austria on the for-profit housing segment in a historical and regional perspective. The focus was on rental housing. By analysing micro census and register data from the last 50 years, the study concludes that non-profit housing associations have a significant impact on the overall Austrian housing market, both in terms of quality and rent levels. It has been shown that a 10 percent increase in the share of non-profit housing associations leads to an average decrease in non-regulated rents of 30 to 40 cents per m2. On average, this corresponds to about 5 percent cheaper rents in the non-regulated rental sector due to the price-dampening effect of GBV.

Suggested Citation

  • Michael Klien & Peter Huber & Peter Reschenhofer & Gerlinde Gutheil-Knopp-Kirchwald & Gerald Kössl, 2023. "The Price-Dampening Effect of Non-profit Housing," WIFO Research Briefs 6, WIFO.
    • Handle: RePEc:wfo:rbrief:y:2023:i:6
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    File URL: https://www.wifo.ac.at/wwa/pubid/70772
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    Keywords

    Austria; Housing; Rent; Ownership; Prices;
    All these keywords.

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