Eres : Digital Library : Works

Paper eres2017_97:
The German Real Estate Transfer Tax: Evidence for Single-Family Home Transactions

id eres2017_97
authors Fritzsche, Carolin; Lars Vandrei
year 2017
title The German Real Estate Transfer Tax: Evidence for Single-Family Home Transactions
source 24th Annual European Real Estate Society Conference in Delft, Netherlands
summary This paper uses recent data for single-family home purchases to study the effects of the German real estate transfer tax. We aim to separate the tax’s short-term anticipatory effects from its long-term effects on real estate transactions. The data indicate that an increase in the transfer tax is negatively correlated with the number of transactions that take place in the market for single-family homes. We estimate that a one percentage point higher transfer tax produces enormous anticipation effects and yields approximately 6% fewer transactions over the long run.
keywords Real estate transfer tax; housing markets; property taxation; anticipation effects
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Urban & Regional Economics, markets & Planning
last changed 2017/11/18 16:20
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