Grolleman, J.F.A. (2018) The effect of park related urban renewal projects on the prices of surrounding houses in six Dutch cities. Master thesis.
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Abstract
Park renovations are mostly financed using public money and aim to implement nature into cities, make cities more beautiful and increase land prices. This thesis uses a hedonic regression method and a difference-in-difference method to analyse if park related urban renewal projects have an external effect on surrounding house prices. Using the hedonic regression method, a positive external effect of park renovations on house prices is found. When distinguishing between park attributes positive effects of playground renovation and trail renovation are found and negative effects of playground replacement, court renovation, new lights and field renovation are found. Contrary, to the results of the hedonic regression when measuring renovation as a single measure, the difference-in-difference method finds a negative external effect on house prices of houses within 1500 metres from the project after the completion.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Duijn, M. van |
| Date Deposited: | 23 Apr 2020 05:31 |
| Last Modified: | 23 Apr 2020 05:31 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/1767 |
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