Witte, Nick (2019) Priceless office transformation; A quantitative research on the spillover effects of office transformation on Amsterdam house prices. Master thesis.
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Abstract
This research aims to measure the effect of office transformations on the environment. Due to the lack of observable market prices of externalities, the value attached to them must be measured in an indirect way. For that purpose, house prices in the vicinity of transformed office buildings are used. The effects of office transformation on surrounding house prices are measured by hedonic pricing models. The outcomes of the statistical analysis indicate that the transformation of office buildings has a significant effect on surrounding property prices within the target radius of 1000 meters. The effects occur before, during and after office transformation. The results confirm the existence of office transformation externalities and provide policy makers with useful information about the financial implications of inner city (re)development.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Duijn, M. van and Nozeman, E. |
| Date Deposited: | 23 Apr 2020 05:35 |
| Last Modified: | 23 Apr 2020 05:35 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/2119 |
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