Houwelingen, Rowan van (2019) Out of business: A quantitative approach to determine the effect on residential property prices when business areas disappear within their vicinity. Master thesis.
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Abstract
Business areas often negatively influence nearby residential property prices, although the availability of employment (partly) compensates this negative effect. However, the overall effect of their disappearance on nearby residential property prices is unknown. Therefore, this research investigates the effects on residential property prices when business areas disappear within their vicinity. This research data came from three organizations: the IBIS, NVM and CBS. It contained the years 2006 and 2017 and applies to the whole of the Netherlands. The datasets were combined and the distances of the residential properties were measured. The research method was a basic hedonic price model and multiple difference-in-difference models. Residential property prices were positively influenced by the presence of business areas in 2006, but this effect disappeared in 2017. However, it appeared this effect was only in the Near Randstad and Randstad areas, as no changes or effects appeared in the Rest of the Netherlands area.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Mark van Duijn |
| Date Deposited: | 23 Apr 2020 05:26 |
| Last Modified: | 23 Apr 2020 05:26 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/1296 |
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