relation: https://frw.studenttheses.ub.rug.nl/1185/
title: Anticipation Effects of Infrastructural Redevelopments on the Owner-Occupier Housing market
creator: Lustenhouwer, Y.
description: This paper aims to research anticipation effects regarding the owner-occupier housing market in the vicinity of an infrastructural redevelopment project. By means of a difference-in-difference hedonic pricing model, transaction prices are regressed on indicators which define the announcement and start of the redevelopment, comparing houses near and farther from the redevelopment project, controlling for a variety of housing and neighborhood characteristics and for time and space. The results of the quantitative analyses show a relative decrease in house prices close to the redevelopment and imply a(n) (anticipated) decrease of area quality during the redevelopment process. A qualitative analysis on the application of the quantitative findings in policy- and decision-making, indicate that external effects and anticipation effects are seldom addressed in public financial analyses, due to the common difference between the reach of the external effects and the scope of a project and the different (social) responsibilities of a municipality.
date: 2018
type: Thesis
type: NonPeerReviewed
format: text
language: en
identifier: https://frw.studenttheses.ub.rug.nl/1185/1/Master_Thesis_excluding_transc_1.pdf
identifier:   Lustenhouwer, Y.  (2018) Anticipation Effects of Infrastructural Redevelopments on the Owner-Occupier Housing market.  Master thesis.