%0 Thesis
%9 Master
%A Kallevik, Vigleik Kold
%D 2021
%F theses_frw:3503
%P 36
%T The effect of six vehicle-free pilot areas on nearby housing prices in Oslo
%U https://frw.studenttheses.ub.rug.nl/3503/
%X On the way to a vehicle-free city center, the municipality of Oslo launched six pilot areas in June of 2017. More than 760 public on-street parking spots were removed in and around these pilot areas. The parking spots got replaced by outdoor furniture, street art as well as with other initiatives aimed at stimulating a more sociable city environment deprived of private passenger vehicles. This thesis studies the impact of these six pilot areas on the surrounding real estate prices. Using a difference-in-difference hedonic price estimation approach, this thesis compares the house price development of apartments located close to the pilots with those located further away. Statistical evidence was found signifying that the launch of the pilot areas increased home values located within a radius of 750 meter to the pilots by around 1.77%.