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Dr. Konstantin Kholodilin
Senior Researcher at the DIW Berlin (Germany)
Professor at the National Research University Higher School of Economics
St. Petersburg, Russia

The housing market is subject to many different governmental regulations. Besides desired effects, all these policies exert multiple side effects, some of which can even offset the desired effects. In addition, different policies can cancel out each other. Therefore, it is important to be aware of the effects of individual policies and the composite effects resulting from the simultaneous application of different policies. This study summarizes findings of a large empirical literature on the effects of a wide range of governmental policies that affect housing markets. Among these policies, rent control plays a particularly important role. I focus on measuring its intensity across space and time, with a special emphasis on rent control in Greater China.