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Industrial agglomeration and housing prices: The case for the Port of Rotterdam.

Venrooij, Tim van (2022) Industrial agglomeration and housing prices: The case for the Port of Rotterdam. Pre-master thesis.

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Abstract

The housing prices in the Netherlands has increased in the last couple of years. It leads to more issues for starters who cannot buy a house and there are no new houses build to get more stock in the market. The industrial sides seem to grow in the Netherlands as more and more industrial and logistic parks are build. In this paper a case study for the province of Zuid-Holland is done, whereby the Port of Rotterdam is seen as the biggest industrial agglomeration. This paper aims to investigate the effect of distance from an agglomeration of industrial real estate on the housing transaction prices in a 15 kilometre range from the biggest industrial agglomeration in the province of Zuid-Holland. Other studies have focussed on markets in China, logistic agglomeration, and office agglomeration. Multiple regression was preformed to examine this relationship, using a large dataset from Walterliving. The dataset consists of transaction prices and housing characteristics. The results indicate a significant effect of distance to industrial agglomeration and housing transaction prices; however, this relationship does not imply that transaction prices are higher when closer to industrial agglomeration. Regressions show a positive coefficient with distance further away from the industrial agglomeration. Transaction prices seem to rise with 1,2 percent when located further away from the Botlek, after 15 kilometres this becomes 8,6 percent.

Item Type: Thesis (Pre-master)
Degree programme: Real Estate Studies
Supervisor: Liu, X.
Date Deposited: 29 Sep 2022 08:07
Last Modified: 29 Sep 2022 08:07
URI: https://frw.studenttheses.ub.rug.nl/id/eprint/4070

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