Segments | Rental apartments | Houses | Owner-occupied flats | |||||
---|---|---|---|---|---|---|---|---|
Dependent variable | Log of median sqm rental price | Log of median sqm prices | Log of median sqm prices | |||||
Variables | (1) | (2) | (1) | (2) | (3) | (1) | (2) | (3) |
Location and market rating | 0.0243*** (0.0066) | 0.0243*** (0.0066) | 0.0421*** (0.0095) | 0.0421*** (0.0095) | 0.0607*** (0.0111) | 0.0425*** (0.0114) | 0.0425*** (0.0114) | 0.0638*** (0.0112) |
Investment per resident | 0.0265*** (0.0057) | 0.0265*** (0.0057) | 0.0071 (0.0106) | 0.0071 (0.0106) | 0.0041 (0.0124) | 0.0263** (0.0087) | 0.0262** (0.0087) | 0.0226* (0.0109) |
Housing stock | 0.0021 (0.0012) | 0.0021 (0.0012) | 0.0054** (0.0017) | 0.0054** (0.0017) | 0.0049** (0.0017) | 0.0058** (0.0019) | 0.0058** (0.0019) | 0.0048* (0.0020) |
Vacancy rate | − 0.0035 (0.0041) | − 0.0035 (0.0041) | − 0.0386* (0.0176) | − 0.0386* (0.0176) | − 0.0221 (0.0150) | 0.0094 (0.0212) | 0.0094 (0.0213) | 0.0044 (0.0216) |
Population growth | − 0.0153 (0.0087) | − 0.0153 (0.0087) | − 0.0137 (0.0155) | − 0.0137 (0.0155) | − 0.0048 (0.0116) | − 0.0599*** (0.0171) | − 0.0599*** (0.0171) | − 0.0352* (0.0158) |
Building applications | 0.0010 (0.0006) | 0.0010 (0.0006) | − 0.0004 (0.0016) | − 0.0004 (0.0016) | 0.0008 (0.0013) | 0.0008 (0.0007) | 0.0008 (0.0007) | 0.0010 (0.0006) |
Yields governmental bonds (10 Y) | − 0.0.0038*** (0.0009) | − 0.0066*** (0.0011) | − 0.0148*** (0.0013) | |||||
Variable mortgage rates | − 0.0146*** (0.0041) | − 0.0224*** (0.0046) | ||||||
Spread residential | 0.0043*** (0.0009) | |||||||
Fixed mortgage rates (10 Y) | − 0.0098*** (0.0013) | − 0.0176*** (0.0017) | ||||||
Year dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Quarter dummies | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Region fixed effects | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Adj. R2 | 0.765 | 0.764 | 0.850 | 0.850 | 0,795 | 0.895 | 0.895 | 0.865 |
N | 5936 | 5936 | 5936 | 5936 | 4664 | 5936 | 5936 | 4664 |