New supply lowers rents across the quality distribution.

Every rent-quality decile has a negative estimate; the vertical bars show 95% confidence intervals.

FROM THE PAPERFigure 3 · Impact of new housing supply on the distribution of rents

Source: Mense (2025) · Figure 3; PDF p. 20

Keep in mind: The setting is Germany and the outcome is quality-adjusted posted rent rather than contract rent.

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Every rent-quality decile has a negative estimate; the vertical bars show 95% confidence intervals.

Source: Mense (2025)
Figure: Figure 3 · Impact of new housing supply on the distribution of rents · Figure 3; PDF p. 20
Keep in mind: The setting is Germany and the outcome is quality-adjusted posted rent rather than contract rent.

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