Article in Journal

How Do Taxation and Regulation Affect the Real Estate Market?

Mathias Dolls, David Gstrein, Carla Krolage, Florian Neumeier
CESifo, Munich, 2022

EconPol Forum 23 (5), 65-69
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  • Rent caps can have significant unintended consequences through lower housing supply
  • Instead of making housing more affordable, purchase subsidies have provided a windfall for sellers
  • The real estate transfer tax levied on properties’ purchase price substantially decreases property prices
  • The Covid-19 pandemic may leave long-lasting impacts on Germany’s housing market
  • Policymakers would be well advised to take into account such trends and side effects when formulating policy

 

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