Based on the RWI-GEO-RED data that base on the data provided by ImmobilienScout24 hedonic housing price indices are estimated. The indices are on the labor market distict, district/county and municipality level (Gemeindeverbaende). We conduct a hedonic price regression that covers characteristics of the object as well as regional fixed effects. The hedonic regression is estimated separately for houses for sale as well as apartments for rent and for sale. There are three different specifications: first, the overall time development from 1/2018 to 2/2019 on district level given yearly and quaterly; second, cross-regional differences for each year separately and time development within one region from 1/2018 to 12/2018 (municipality, district and labor market region) and for the last quarter of 2018 (district and labor market region); third, the time-region fixed effect between 2008 and 2018, which is used to determine the price changes for all three region types to the base year of 2008. The indices for 2019 rely on the first two month of the year. The definition of labor market areas rely on RWI (2018), Überprüfung des Zuschnitts von Arbeitsmarktregionen für die Neuabgrenzung des GRW-Fördergebiets ab 2021. RWI Projektberichte.
- Is new version of
DOI: http://doi.org/10.7807/immo:redx:v2 (Dataset)
- Is new version of
DOI: http://doi.org/10.7807/immo:redx:v3 (Dataset)
The indices reflect advertising prices not realized transaction prices or current rents. The geographical units are 401 German districts, 4625 municipalities, 182 labor market regions (Delineation 2019).
Klick, L. und S. Schaffner (2020), Regional Real Estate Price Indices for Germany, 2008 – 2019: RWI–GEO–REDX, Jahrbücher für Nationalökonomie und Statistik (published online ahead of print). DOI: https://doi.org/10.1515/jbnst-2020-0001
Klick, L. und S. Schaffner (2019), FDZ Data description: Regional Real Estate Price Indices for Germany (RWI-GEO-REDX), RWI Projektberichte, Essen.
Boelmann, B. und S. Schaffner (2019), FDZ Data description: Real-Estate Data for Germany (RWI-GEO-RED) - Advertisements on the Internet Platform ImmobilienScout24), RWI Projektberichte, Essen.
RWI (2018), Überprüfung des Zuschnitts von Arbeitsmarktregionen für die Neuabgrenzung des GRW-Fördergebiets ab 2021. RWI Projektberichte.