The revival of East Berlin’s land market after the German reunification

    Research output: Contribution to journalArticle

    1 Citation (Scopus)

    Abstract

    The communist regime in the German Democratic Republic (GDR) curtailed property rights in the urban land market through expropriation, forced administration, rationing, and restrained marketability. After the fall of the Berlin Wall in 1989, well-defined property rights had to be reestablished to restore competitive urban land markets under German laws. We examine the revival process from 1990-2008 for East Berlin, the capital of the former GDR. West Berlin, which always had a market-based land market, is used as comparator. We find that the revival of the East Berlin land market and substantial investment support resulted in a swift convergence in the composition of the housing stock and in the pricing behavior in both parts of Berlin.
    Original languageEnglish
    Pages (from-to)19-29
    Number of pages11
    JournalJournal of Housing Economics
    Volume42
    Early online date6 Feb 2018
    DOIs
    Publication statusPublished - Dec 2018

    Fingerprint

    German reunification
    Land market
    Property rights
    Rationing
    Marketability
    Expropriation
    Pricing behaviour

    Keywords

    • property rights
    • urban land market
    • housing

    Cite this

    The revival of East Berlin’s land market after the German reunification. / Schulz, Rainer; Wersing, Martin.

    In: Journal of Housing Economics, Vol. 42, 12.2018, p. 19-29.

    Research output: Contribution to journalArticle

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