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Department of Land Economy

Environment, Law & Economics

I use quantitative methods to study how households make their housing (investment) decisions, what factors play into these decisions and what the outcomes are, to better understand what determines housing demand and house prices. My current research interests span various topics: the value of aesthetics in the built environment, households' preferences in housing investment and tenure decisions, and long-run trends in housing markets.


Housing economics and finance

Household finance

Behavioural finance

Historical housing


Key publications: 

Bartsch, F., Buhlmann, F., Kirschenmann, K. and Schmidt, C. (2021). Is there a need for reverse mortgages in Germany? Empirical evidence and policy implications. EconPol Policy Report 31, April 2021.

Schmidt, C. (2021). Strong tenant protections and subsidies support Germany’s majority-renter housing market. Brookings Institution brief. In "Comparing Rental Housing Markets Across the Globe", Jenny Schuetz, series editor. Washington DC: Brookings Institution.

Schmidt, C. (2019). The quest for affordable owner-occupied housing in Germany. Journal of European Real Estate Research 12(3), 365-379

Teaching and Supervisions


Paper 3 (Maths Refresher)

Paper 3 (Maths)

Paper 6 (Fundamentals of Finance and Investment)

Paper 15 (Advanced Techniques in Finance and Investment for Real Estate)

REM2 (Research Methods)

Other Professional Activities

Member of the Editorial Board of the German Journal of Real Estate Research [Zeitschrift für Immobilienökonomie]

Fellow of the Cambridge University Land Society

Junior Research Associate at ZEW Mannheim

Member of the Scientific Board of the Real Estate and Capital Markets Network (ReCapNet) Conference

Senior Teaching Associate in Real Estate Finance and Economics
Cambridge University Land Society Fellow
Junior Research Associate, ZEW Mannheim
Dr Carolin  Schmidt

Contact Details