Ein hedonischer Immobilienpreisindex auf Basis von Internetdaten: 2007–2011

Thomas Bauer (), Sven Feuerschütte, Michael Kiefer, Philipp an de Meulen, Martin Micheli, Torsten Schmidt and Lars-Holger Wilke

AStA Wirtschafts- und Sozialstatistisches Archiv, 2013, vol. 7, issue 1, 5-30

Abstract: The “Great Recession” has painfully demonstrated the impact of real estate prices on real economic activity. Hence, close examination of real estate price changes is important for business cycle analysis and economic policy. However, most real estate price indices for Germany either exhibit a low frequency or are available with a considerable time lag and thus of limited use. Additionally, existing indices are often highly aggregated and thus exacerbate a regional analysis or an analysis for different real estate market segments. In this paper, we construct hedonic price indices for Germany, for five major German cities, and the rural federal state Mecklenburg-Vorpommern. The indices are constructed for different categories of the real estate market and are based on the data of the internet platform ImmobilienScout24. Compared to already existing indices, our indices exhibit the advantage of monthly frequency. The indices indicate that real estate prices in Germany were under pressure during the financial crisis. However, more recently prices have been rising again, especially for new buildings in conurbations. Copyright Springer-Verlag Berlin Heidelberg 2013

Keywords: Hedonische Regression; Immobilienpreise; Preisindex; Hedonic regression; Real estate prices; Price index (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (18)

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DOI: 10.1007/s11943-012-0125-7

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