%D 2022
%L theses_frw3782
%A Ukyo Morpey
%X This paper attempts to examine the relationships between Airbnb activity, subjective livability and residential real estate values. Specifically, this research answers the following research question: Does subjective livability have a mediating effect on the relationship between Airbnb activity and residential real estate values? To answer the research question, the mediation model proposed by Baron and Kenny is used to examine the relationships. The results indicate that Airbnb activity has a positive effect on residential real estate values. Specifically, a 1 percent increase in Airbnb activity leads to a 0.038 percent increase in residential real estate values. Furthermore, the results suggest that Airbnb activity has a negative effect on subjective livability and subsequently subjective livability has a positive effect on residential real estate values. Therefore, it follows that subjective livability acts as a mediator between Airbnb activity and residential real estate values. Subjective livability dampens the total effect of Airbnb activity on residential real estate values by 47.3 percent.
%T The effect of Airbnb activity on residential real estate values and livability: The case for the Netherlands