Monitoring regionaler Immobilienpreise 2014: Preisauftrieb auf breiter Front – aber geringe Gefahr von Blasen
German real estate prices increased considerably in recent years. However, upward pressure on prices has been heterogeneous across labour market regions. Even though there is some evidence for excessive price expectations in some labour market regions, there is little evidence for the build-up of a countrywide price bubble. Nevertheless, property prices in some labour market regions should be carefully monitored.
Budde, R. and M. Micheli (2014), Monitoring regionaler Immobilienpreise 2014: Preisauftrieb auf breiter Front – aber geringe Gefahr von Blasen. RWI Konjunkturberichte, 65, 4, 31-43