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Regional Real Estate Price Index

Version
1
Resource Type
Dataset
Creator
  • Klick, Larissa (RWI - Leibniz- Institut für Wirtschaftsforschung)
  • Schaffner, Sandra (RWI - Leibniz- Institut für Wirtschaftsforschung)
  • RWI
Publication Date
2019-01-15
Publication Place
Essen
Contributor
  • Klick, Larissa (RWI - Leibniz- Institut für Wirtschaftsforschung) (Contact Person)
  • Schaffner, Sandra (RWI - Leibniz- Institut für Wirtschaftsforschung) (Project Manager)
  • ImmobilienScout24 GmbH (Data Collector)
  • RWI - Leibniz- Institut für Wirtschaftsforschung (Editor)
Language
German
Free Keywords
price Indices; real estate; house Sales; rental appartments; Germany
Description
  • Abstract

    Based on the RWI-GEO-RED data that base on the data provided by ImmobilienScout24 hedonic housing price indices are conducted. The indices are on the district and municipality level (Gemeindeverbaende). We conduct a hedonic price regression that covers characteristics of the object as well as regional fixed effects. The hedonic regression is estimated separately for houses for sale and apartments for rent. There are three different specifications: the overall time development; cross-regional differences for each year separately and time development within one region.

Temporal Coverage
Geographic Coverage
  • Germany (DE)
Sampled Universe

The data is based on the data set RWI-GEO-RED, that collects all offers for private housing on ImmobilienScout24 between 2007 and 2017. ImmobilienScout24 is the largest listing website for real estate in Germany.

Sampling

stratified random sampling

Time Dimension
  • Cross-section
Collection Mode
  • Other
Data and File Information
  • Unit Type: Geographic Unit
    Number of Units: 402
    Number of Variables: 176
    • File Name: RWIGEOREDX_HousePurchase; RWIGEOREDX_RentalApartment
      File Format: Excel
      File Size: 2,7 MB
Note
The indices reflect advertising prices not realized transaction prices or current rents.
Availability
Delivery
Rights
no commercial use
Publications
  • Klick, L. und S. Schaffner (2019), FDZ Data description: Regional Real Estate Price Indices for Germany (RWI-GEO-REDX), RWI Projektberichte, Essen.

  • Boelmann, B. und S. Schaffner (2019), FDZ Data description: Real-Estate Data for Germany (RWI-GEO-RED) - Advertisements on the Internet Platform ImmobilienScout24), RWI Projektberichte, Essen.

Update Metadata: 2019-03-14 | Issue Number: 14 | Registration Date: 2019-03-14

Klick, Larissa; Schaffner, Sandra; RWI (2019): Regional Real Estate Price Index. RWI-GEO-REDX. Version: 1. RWI – Leibniz-Institut für Wirtschaftsforschung. Dataset. https://doi.org/10.7807/immo:redx:v2