DIW Econ GmbH was commissioned by the Federal Ministry of Justice and Consumer Protection (BMJV) to evaluate the “buyer principle” introduced in 2015 for the marketing of rental properties. Since then, this principle has obliged the initiator of a brokerage service to pay for it (“whoever orders, pays”). The evaluation examines whether the law’s objectives have been achieved and additionally identifies potential needs for an amendment to the law.
The current study by DIW Econ, in cooperation with Prof. Dr. Claudia Kemfert, DIW Berlin, commissioned by the Bavarian SPD state parliamentary group, examines how the Free State of Bavaria can achieve a just transition into a emission neutral future. For this purpose, the study discusses specific social-ecological measures for the upcoming political reorientation in the sectors of energy, transport, buildings and industry.
On behalf of Wiener Komfortwohnungen GmbH, DIW Econ, headed by Konstantin A. Kholodilin, determined the housing requirements in nine selected European cities up to the year 2030. The housing demand is derived from the total number of flats that would have to be completed by 2030 to meet the expected demand.
On behalf of Haus & Grund, DIW Econ GmbH has investigated the possible effects of new rental regulations on the rental housing market in Germany. To this end, party positions on proposed housing market regulations were converted into a regulation index and then, using a regression model, the impact of the new regulations on the proportion of tenant households in Germany was estimated.
Economic Bulletin No. 1 | 2019
Purchaser principle when buying residential property
One reason for the stagnating homeownership rate in Germany for years is often cited as the high ancillary acquisition costs, which discourage households with low equity in particular from buying property. In addition to land transfer tax, notary and land registry fees, the brokerage commission is also a significant factor. However, there is no uniform and cross-national regulation on the amount and distribution of the broker’s commission. For this reason, the introduction of a nationwide buyer’s principle for the purchase of residential property is being discussed to prevent a possible predicament of buyers. Who is protected from whom by the buyer principle and what the typical buyer and seller household looks like is examined in this Economic Bulletin “Who meets whom when buying property”.