SoBoN, a housing policy in Munich, Germany, was introduced in 1994 and has been in place for a long time. In recent years, it has gained increasing attention in the German real estate market. To ensure a steady supply of affordable housing and support a stable housing market, more cities in Germany have started adopting similar regulations. Internationally, this type of policy is referred to as Mandatory Inclusionary Housing (MIH). While MIH has been widely studied in the United States, research on its effects in Germany remains limited. To better understand the impact of this unique housing policy, this study analyses housing and rental price data from 400 German cities between 2005 and 2020. Using lessons from the United States, the study applies a staggered difference-in-differences approach (SDID) combined with an event study plot to examine whether MIH has a causal effect on housing prices. We found that MIH has a certain causal relationship with housing prices and rents, but the overall effect is not statistically significant.     «

SoBoN, a housing policy in Munich, Germany, was introduced in 1994 and has been in place for a long time. In recent years, it has gained increasing attention in the German real estate market. To ensure a steady supply of affordable housing and support a stable housing market, more cities in Germany have started adopting similar regulations. Internationally, this type of policy is referred to as Mandatory Inclusionary Housing (MIH). While MIH has been widely studied in the United States, research...     »