Csitkovics, Péter (2024) The External Effects of Shopping Center Openings on Residential Property Prices: Evidence from Budapest. Master thesis.
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Abstract
Shopping center openings have often been portrayed both as positive and negative events regarding their effect on surrounding house prices. This study investigates the external effects of shopping center openings on nearby residential property prices. Through a difference‐in‐difference method, it found that shopping center opening has a positive external effect on nearby property prices, indicating a 3.24% increase in property prices on streets near shopping centers after their opening, with a notable anticipation effect of a 0.74% annual increase as the opening approaches. The results further indicate that the average street-level prices increased four years after the opening. Lastly, these effects differ based on the size and the location of the shopping center. These findings suggest that shopping center developments positively affect local property markets, informing urban planning and real estate investment strategies.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. |
| Date Deposited: | 04 Sep 2024 12:09 |
| Last Modified: | 04 Sep 2024 12:09 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4743 |
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