eprintid: 4743
rev_number: 6
eprint_status: archive
userid: 1
dir: disk0/00/00/47/43
datestamp: 2024-09-04 12:09:58
lastmod: 2024-09-04 12:09:58
status_changed: 2024-09-04 12:09:58
type: thesis
metadata_visibility: show
sword_depositor: 1
creators_name: Csitkovics, Péter
creators_id: S5515017
creators_email: p.csitkovics@student.rug.nl
title: The External Effects of Shopping Center Openings on Residential Property Prices: Evidence from Budapest
ispublished: unpub
full_text_status: public
abstract: Shopping center openings have often been portrayed both as positive and negative events regarding their effect on surrounding house prices. This study investigates the external effects of shopping center openings on nearby residential property prices. Through a difference‐in‐difference method, it found that shopping center opening has a positive external effect on nearby property prices, indicating a 3.24% increase in property prices on streets near shopping centers after their opening, with a notable anticipation effect of a 0.74% annual increase as the opening approaches. The results further indicate that the average street-level prices increased four years after the opening. Lastly, these effects differ based on the size and the location of the shopping center. These findings suggest that shopping center developments positively affect local property markets, informing urban planning and real estate investment strategies.
date: 2024
pages: 72
thesis_type: master
degree_programme: VG
tutors_name: Liu, X.
tutors_organization: Fac. Ruimtelijke wetenschappen, Basiseenheid Economische Geografie
tutors_email: Xiaolong.Liu@rug.nl
security: public
keywords_local: Difference‐in‐difference
keywords_local: external effects
keywords_local: shopping centers
keywords_local: event-study
keywords_local: house prices
keywords_local: opening
keywords_local: Budapest
language_iso: en
date_issued: 2024-08-30
citation:   Csitkovics, Péter  (2024) The External Effects of Shopping Center Openings on Residential Property Prices: Evidence from Budapest.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/4743/1/RealEstateStudiesThesisPeterCsitkovicsS5515017.pdf