German Housing Prices

GiNN-BerlinKontor.—The catastrophe in Fukushima in March 2011 caused the German government to either shut down German nuclear power plants or to schedule them to be shut down before they reach the end of their life spans, which, in turn, by May of 2012, caused prices for housing located within five kilometers of a German nuclear power plant to fall by eleven percent (relative to other housing) if the plant had been shut down, or by five percent if the plant was still in operation. Prices for housing near nuclear power plants that were not in operation at the time of the catastrophe in Fukushima were not affected. These are the findings of a new study conducted by the RWI and the Kiel Institute for the World Economy (IfW). Weiterlesen