Real Estate in Germany. Boom or Bubble?


Bachelor Thesis, 2019

52 Pages, Grade: 1,7


Excerpt


Index

FIGURE INDEX

TABLE INDEX

1 INTRODUCTIO
1.1 PROBLEM STATEMENT
1.2 GOAL SETTING AND QUESTION OF RESEARCH
1.3 STRUCTURE AND PROCEDURE

2 THEORETICAL REFERENCE FRAME
2.1 PRICE FORMATION ON THE REAL ESTATE MARKET
2.2 DEFINITION OF PRICE BUBBLE
2.3 REASONS BEHIND A PRICE BUBBLE
2.3.1 Real Economic Terms
2.3.2 Fiscal Terms
2.3.3 Behavior Based Reasons
Limited Rationality
Greater-Fool
2.3.3.1 Institutionalization/ Herd instinct
2.4 CONSTRUCTION SCHEME OF A REAL ESTATE BUBBLE
2.4.1 Displacement
2.4.2 Boom
2.4.3 Euphoria
2.4.4 Profit Taking
2.4.5 Panic
2.5 INDICATORS OF A REAL ESTATE BUBBLE
2.5.1 Absolute/Relative Price Development
2.5.2 Price-Rent-Relation
2.5.3 Price-Income-Indicator
2.5. 4 Fundamentally Justified Price
2.6 CONSEQUENCES OF A REAL ESTATE BUBBLE

3 HOUSING BUBBLES IN THE PAST
3.1 SUBPRIME CRISIS USA
3.2 JAPAN CRISIS

4 ANALYSIS OF THE GERMAN MARKET
4.1 GENERAL INDICATORS
4.1.1 Development of the Demand
4.1.1.1 Population Growth
4.1.1.2 Household and age structure
4.1.2 Development of the Supply
4.1.3 Implications for the financial system
4.1.4 Bank Landing in Germany
4.2 KEY FIGURE ANALYSIS
4.2.1 Price-Rent Ratio
4.2.2 Price-Income Ratio
4.2.3 Tobin q
4.3 FURTHER INDICATORS
4.3.1 Inheritance
4.3.2 Foreign Investors
4.4 INTERPRETATION OF THE FINDINGS

5 CONCLUSION

6 OUTLOOK

BIBLIOGRAPHY

Excerpt out of 52 pages

Details

Title
Real Estate in Germany. Boom or Bubble?
College
University of Applied Sciences Frankfurt am Main
Grade
1,7
Author
Year
2019
Pages
52
Catalog Number
V510370
ISBN (eBook)
9783346123206
ISBN (Book)
9783346123213
Language
English
Keywords
real estate, boom, bubble, economy, immobilienblase, wirtschaft
Quote paper
Valonita Berisha (Author), 2019, Real Estate in Germany. Boom or Bubble?, Munich, GRIN Verlag, https://www.grin.com/document/510370

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