%0 Thesis
%9 Bachelor
%A Feldkamp, Daan
%D 2020
%F theses_frw:3297
%P 21
%T The impact of crime on housing prices; a case study of the municipality of Groningen
%U https://frw.studenttheses.ub.rug.nl/3297/
%X This thesis provides causal estimates for the impact of crime on housing value for the municipality of Groningen using panel data for the period 2015 – 2017. Hedonic pricing is utilized through a multilinear regression model. The panel data analysed is sourced via governmental and municipal statistics including average neighbourhood housing prices, reported crime statistics, and additional neighbourhood attributes. Results indicate that there is a statistically significant negative relationship concerning reported neighbourhood crime in conjunction with the average housing price. Average housing value is estimated to drop 0.0115% per reported crime per 1000 inhabitants. Further results illustrate that crime is not indiscriminate, criminal activity can be classified into several categories, each with their own set of implications. Therefore, next to the total crime, the separate forms are tested for their specific impact on neighbourhood housing value. Associated regression results reveal vandalism and assault are estimated to have the biggest effect with a 0.0317% and 0.0816% decline in housing value respectively.