On the price gap between single family houses and apartments

Waldemar Beimer and Wolfgang Maennig

Journal of Housing Economics, 2020, vol. 49, issue C

Abstract: We provide a first decomposition of the price gap between prices for single family houses and apartments into their microeconomic determinants. Using individual data from the collection of real estate transactions data for Berlin, Germany, we find a positive price gap for houses in Berlin in 1990 which is decreasing up to 1998. When controlling for structural characteristics, no positive price gap can be identified between 1996 and 2006. The application of Oaxaca decomposition reveals a growing preference for size (favoring houses), which is – since 2006 - offset by a growing preference for a more central location.

Keywords: Apartments; Single family houses; Preference changes; Berlin; Blinder-Oaxaca decomposition (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1051137720300231
Full text for ScienceDirect subscribers only

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:eee:jhouse:v:49:y:2020:i:c:s1051137720300231

DOI: 10.1016/j.jhe.2020.101686

Access Statistics for this article

Journal of Housing Economics is currently edited by H. O. Pollakowski

More articles in Journal of Housing Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().