Brink, Jordi van den (2021) Living in diverse neighbourhoods - the association between employment sectors and house prices in Amsterdam. Master thesis.
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Abstract
The aim of this research is to investigate to what extent a greater variety of employment is associated with higher property prices. The scale of this study applies to neighbourhoods in Amsterdam and serve as a case study. The adopted methodology involves a multiple linear regression model and the variety of employment within residential neighbourhoods is measured using a diversity index. The presence of sectors ́government, education, and healthcare ́ and ́culture and recreation ́ are positively associated with property prices in the neighbourhood, whereas the presence of sectors ́construction ́ and ́trade and catering ́ are negatively associated with property prices. The result is that ‘the specific neighbourhoods with more diversity’ are associated with higher property prices, although the association is not strong. On the other hand, an increase in the variety of employment sectors in surrounding neighbourhoods is strongly associated with higher property prices. Neighbourhoods with a lower population density are stronger associated with higher property values when having more diverse surrounding neighbourhoods, compared with neighbourhoods with middle or higher population densities in Amsterdam. This study empirically indicates that neighbourhood property prices do not solely depend on the characteristics within the neighbourhood but also on the composition of surrounding neighbourhoods.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Nozeman, E.F. |
| Date Deposited: | 21 Sep 2021 07:33 |
| Last Modified: | 21 Sep 2021 07:33 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3735 |
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