Size and Impact of Real Estate Sector and Its Role for Business Cycles and Growth

Wolfgang Maennig

A chapter in Understanding German Real Estate Markets, 2017, pp 17-23 from Springer

Abstract: Abstract The real estate industry is one of the most important sectors of Germany. Its development and the development of real estate values are most important to Germany’s economic business cycle and the country’s long-term growth path. On average, Germany’s real estate activities and price trends have stagnated more or less since the mid-1990s until 2006 and thus deviated from the international pattern. The underlying structural differences include, amongst others, the demographic development, the characteristics of the German real estate finance system, the fiscal policy and a decade-long low and stable general inflation. In return, the real estate sector in Germany—particularly when compared to other countries—serves rather a stabilizing function, especially in periods of economic slowdowns.

Keywords: Market size; Inflation; Construction (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: Size and Impact of Real Estate Sector and Its Role for Business Cycles and Growth (2012)
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:spr:mgmchp:978-3-319-32031-1_2

Ordering information: This item can be ordered from
http://www.springer.com/9783319320311

DOI: 10.1007/978-3-319-32031-1_2

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().