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 | 0.0250*** (0.0065) | 0.0250*** (0.0065) | 0.0423*** (0.0094) | 0.0423*** (0.0094) | 0.0609*** (0.0107) | 0.0430*** (0.0113) | 0.0430*** (0.0113) | 0.0639*** (0.0109) |
Investment per resident | 0.0280*** (0.0060) | 0.0280*** (0.0060) | 0.0071 (0.0106) | 0.0071 (0.0106) | 0.0043 (0.0123) | 0.0277** (0.0087) | 0.0277** (0.0087) | 0.0240*** (0.0011) |
Housing stock | 0.0021 (0.0011) | 0.0021 (0.0011) | 0.0055** (0.0017) | 0.0055** (0.0017) | 0.0049** (0.0017) | 0.0059** (0.0019) | 0.0059** (0.0019) | 0.0049*** (0.0020) |
Vacancy rate | − 0.0023 (0.0042) | − 0.0023 (0.0042) | − 0.0384* (0.0175) | − 0.0385* (0.0175) | − 0.0236 (0.0146) | 0.0057 (0.0208) | 0.0055 (0.0209) | 0.0003 (0.0217) |
Population growth | − 0.0149 (0.0084) | − 0.0149 (0.0084) | − 0.0135 (0.0157) | − 0.0136 (0.0157) | − 0.0037 (0.0120) | − 0.0589*** (0.0167) | − 0.0589*** (0.0167) | − 0.0358*** (0.0150) |
Economic structure | − 0.1654 (0.1455) | − 0.1648 (0.1454) | − 0.0254 (0.1584) | − 0.0248 (0.1583) | 0.0732 (0.1866) | − 0.1404 (0.2032) | 0.1384 (0.2031) | 0.0376*** (0.0248) |
Yields governmental bonds (10 Y) | − 0.0040*** (0.0010) | − 0.0065*** (0.0011) | − 0.0153*** (0.0013) | |||||
Variable mortgage rates | − 0.0146*** (0.0041) | − 0.0228*** (0.0046) | ||||||
Spread residential | 0.0043*** (0.0009) | |||||||
Fixed mortgage rates (10 Y) | − 0.0102*** (0.0013) | − 0.0184*** (0.0016) | ||||||
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 | 0.766 | 0.766 | 0.850 | 0.850 | 0,795 | 0.896 | 0.895 | 0.865 |
N | 5936 | 5936 | 5936 | 5936 | 4664 | 5936 | 5936 | 4664 |