ECONOMIC ASPECTS OF RESIDENTIAL RENTAL REAL ESTATE: A COMPARISON OF GERMANY, THE NETHERLANDS, AND THE USA
||Geurts,Tom; Guido Spars
||ECONOMIC ASPECTS OF RESIDENTIAL RENTAL REAL ESTATE: A COMPARISON OF GERMANY, THE NETHERLANDS, AND THE USA
||Book of Abstracts: 13th Annual European Real Estate Society Conference in Weimar, Germany
||The residential rental real estate market is subject to several types of regulation. Their economic impact is generally thought to be substantial; however their perceived benefits are controversial. This study tries to shed new light on the perceived impact by comparing the regulation of the residential real estate market in Germany, the Netherlands, and the United States, something that has not been done before in the literature. Employing a neo-classical analysis the authors evaluate the experience and outcomes of two particular types of regulation, namely Rent Control and Housing Quality Standards, in these three countries. Based on this analysis, it becomes possible to make recommendations with regards to the usefulness of these types of regulation, given the differences in each country.
||residential real estate; rent control; housing quality standards
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