eprintid: 1080
rev_number: 1
eprint_status: archive
userid: 1
dir: disk0/00/00/10/80
datestamp: 2020-04-23 05:23:49
lastmod: 2020-04-23 05:23:49
status_changed: 2020-04-23 05:23:49
type: thesis
metadata_visibility: show
creators_name: Kramers, B.S.
title: Living at the office: A study on the external effects of the transformation of office space into housing on local housing markets
ispublished: pub
full_text_status: public
abstract: The external effects of seventeen transformation projects on the surrounding house prices are estimated using a difference-in-difference hedonic framework. It was found that prior to the transformation, these offices were a disamenity and caused negative price externalities for the surrounding area. During the transformation there was an anticipation effect resulting in positive price externalities. After the transformation projects were completed the positive external effect increased, indicating that the positive effect was not fully anticipated. Controlling for year fixed effects (FE), structural characteristics, building period, and neighborhood FE, house prices in the target area (0-1000 m) were found to be 2.25% lower prior to the transformation, 1.96% higher during the transformation and 4.02% higher after the transformation was completed compared to the control area (1000-2000 m). These results are significantly different from zero at a 1% level.
date: 2018
date_type: published
thesis_type: master
degree_programme: VG
tutors_name: Van Duijn, dr. M.
tutors_name: Nozeman, prof. dr. E.F.
keywords_local: house
keywords_local: pricing
keywords_local: hedonic
keywords_local: housing
keywords_local: office
keywords_local: redevelopment
keywords_local: trasnformation
keywords_local: price
keywords_local: external
keywords_local: effects
language_iso: en
titleorder: Living at the office: A study on the external effects of the transformation of office space into housing on local housing markets
dbi: 5bb4d1d267796
imported_item: yes
date_of_import: 2020-04-22
imported_from: http://scripties.frw.eldoc.ub.rug.nl/root/ma/VG/2018/bskramers/
import_source_file: theses-frw-20200422132455-5bb4d1d267796.xml
date_issued: 2018-01-01
citation:   Kramers, B.S.  (2018) Living at the office: A study on the external effects of the transformation of office space into housing on local housing markets.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/1080/1/Master_Thesis_Real_Estate_Stud_1.pdf