Boon, J.C. (2019) The Effect of Uncertainty incorporated in Land Lease contracts on the Transaction Price of Residential Properties in Amsterdam - a hedonic analysis. Master thesis.
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Abstract
The Amsterdam property market is subject to land leases like other major cities throughout Europe. As different land lease regimes apply, payments and conditions vary for different properties. How potential homebuyers incorporate uncertainty about these land leases and its payments in their bidding process and how this varies over time, is yet unknown. This paper provides insights in the effect of uncertainty incorporated in the land lease on the transaction prices of residential properties in Amsterdam. This paper makes use of a large dataset of Amsterdam, which includes transaction prices, land lease data and other property characteristics. Using this dataset and multiple hedonic regressions, the impact of different land lease regimes, different general conditions, the remaining contract period and the remaining bought off period for the land lease over the transaction years is investigated.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, dr. X. and Nozeman, prof. dr. E.F. |
| Date Deposited: | 23 Apr 2020 05:33 |
| Last Modified: | 23 Apr 2020 05:33 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/1927 |
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