Real Estate in Germany. Boom or Bubble?

Bachelor Thesis from the year 2019 in the subject Economics - Macro-economics, general, grade: 1,7, University of Applied Sciences Frankfurt am Main, language: English, abstract: The main question which results through the theme is: ¿Are German real estates overvalued or can the development on the market be explained by macro-economic factors?¿
To be able to answer this question it is necessary to firstly define what a bubble is and further analyze general criteria which can lead to it.
After that an analyzation of possible indicators which are linked to the two largest housing bubbles: the The Subprime Crisis in in the USA of the former decade and the housing bubble in Japan in the middle of the 90s will be done and a comparison of those crises will be given.
Based on those findings the development of the current real estate situation of Germany and an overall evaluation of possible legal and political instruments which are supposed to protect from a pricing bubble will be done.
The findings are based on literature review and include an empirical part with expert interviews when it comes to the risk of having a housing bubble specifically in Germany.