Levels and development of real estate prices in different Austrian regions

Wolfgang Feilmayr

ERES from European Real Estate Society (ERES)

Abstract: After a period of more or less stable real estate prices at the beginning of the 21st century, the prices have shown a sharp rise since around 2007 especially in Vienna, the other federal capitals and its surroundings, whereas in the rural areas in the periphery prices even declined. In this paper special attention is paid to alpine and touristic regions. The main differences of these compared to the other regions will be elaborated. Moreover the variables explaining the prices and developments will be identified. Results will be presented for single family houses and for owner occupied appartments. The underlying models use nonlinear hedonic regression methods. The price observations and the attributes of the single real estates stem from different data bases including purchase and offer prices. The neighborhood covariates come mainly from the spatial information system IRIS, which has been developed for all Austrian communities at the institute of regional science of Vienna University of Technology.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2015-07-01
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2015-107 (text/html)
https://eres.architexturez.net/system/files/eres2015_107.content.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2015_107

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().