%X Over the past two decades a number of dual carriageway projects have taken place in the 
Netherlands. Existing literature has widely researched the effects of highway infrastructure on 
residential properties and although researchers agree upon the presence of positive and 
negative externalities near roads, different research outcomes exist among authors. This paper 
analyzes to what extent dual carriageway development affects surrounding house prices by 
analyzing eight dual carriageway projects from the Netherlands. The analysis considers 
residential transaction data from 2004 to 2021 and consists of two hedonic price models 
separating the effects from dual carriageway access points and from dual carriageways itself.
Using difference-in-difference model specifications, property prices in the target and control 
area are compared with each other before, during, and after the construction period of the 
roads. Findings indicate positive effects of dual carriageway onramps on house prices during 
and after construction. A negative effect on house prices during and after construction is 
observed for the dual carriageway itself. These effects do not fade away linearly with distance. 
Results differ between newly constructed and redeveloped roads. Dual carriageway onramps 
of newly constructed roads generate higher positive external effects on house prices than of 
redeveloped roads and only an effect on house prices during the construction period is found 
for newly constructed onramps, which is positive. Only newly constructed dual carriageways 
itself generate effects on house prices during and after the construction period, which are 
negative. Redeveloped dual carriageways itself do not seem to impact house prices.
%L theses_frw3874
%D 2022
%A David Altenburg
%T The effects of dual carriageway development on nearby house prices:  Evidence from the Netherlands.