WHY DEMOLISH?: EAST GERMANYíS VACANT HOUSING

Kristof Dascher

ERES from European Real Estate Society (ERES)

Abstract: Close to 1,4 million flats are vacant in East Germany. Demolition is widely believed the adequate response. This paper argues that letting rents fall should be more attractive. Falling rents would permit households to reclaim, and hence benefit from, todayís vacant housing. Far from preventing, todayís abundant vacant housing could actually set off, urban redevelopment in East Germany.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2006-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2006_165

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