eprintid: 3940
rev_number: 4
eprint_status: archive
userid: 1
dir: disk0/00/00/39/40
datestamp: 2022-08-02 11:55:45
lastmod: 2022-08-02 11:55:45
status_changed: 2022-08-02 11:55:45
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Penders, Geoffrey C.E.
creators_id: S3189252
creators_email: g.c.e.penders@student.rug.nl
title: Investors' willingness to pay for offices in multifunctional buildings with a Dutch owners' association (VvE).
ispublished: unpub
full_text_status: public
abstract: The purpose of this research is to determine how multifunctional office buildings with an owners’
association affect the investment value of office real estate in the Dutch Randstad area. It is explained
why an owners’ association places restriction on investing in office real estate based on Dutch apartment
law. This study used unique data from 283 office real estate transactions in the Netherlands from 2011
to 2021. Hedonic modeling techniques are used. According to the findings of this study, investors pay
11.84% less for offices within an owners’ association when compared to single owned, monofunctional
office buildings. Furthermore, the investor’s origin makes no difference in the price that investors are
willing to pay for offices with an owners’ association.
date: 2022
pages: 53
thesis_type: master
degree_programme: VG
tutors_name: Duijn, M. van
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: Mark.van.Duijn@rug.nl
security: public
keywords_local: Commercial real estate
keywords_local: condominium law
keywords_local: multiple ownership
keywords_local: hedonic pricing method
keywords_local: multifunctional buildings
language_iso: en
date_issued: 2022-08-01
citation:   Penders, Geoffrey C.E.  (2022) Investors' willingness to pay for offices in multifunctional buildings with a Dutch owners' association (VvE).  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/3940/1/MT_Finalupdate_GCE%20Penders.pdf