The Price-Dampening Effect of Non-profit Housing

Michael Klien, Peter Huber, Peter Reschenhofer, Gerlinde Gutheil-Knopp-Kirchwald and Gerald Kössl
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Gerald Kössl: Austrian Federation of Limited-Profit Housing Associations

No 6, WIFO Research Briefs from WIFO

Abstract: This Research Brief provides an overview of the main findings of the study "The Price-Dampening Effect of Non-profit Housing". The study examined the impact of non-profit housing in Austria on the for-profit housing segment in a historical and regional perspective. The focus was on rental housing. By analysing micro census and register data from the last 50 years, the study concludes that non-profit housing associations have a significant impact on the overall Austrian housing market, both in terms of quality and rent levels. It has been shown that a 10 percent increase in the share of non-profit housing associations leads to an average decrease in non-regulated rents of 30 to 40 cents per m2. On average, this corresponds to about 5 percent cheaper rents in the non-regulated rental sector due to the price-dampening effect of GBV.

Keywords: Austria; Housing; Rent; Ownership; Prices (search for similar items in EconPapers)
Pages: 10 pages
Date: 2023-05-19
New Economics Papers: this item is included in nep-his and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:wfo:rbrief:y:2023:i:6

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