%D 2024
%A Jule Rüll
%X A focal point of Parisian authorities is economic redevelopment to maintain affordable and appropriate housing despite remaining the most expensive housing market among European cities. Economic redevelopment includes two types of projects: rehabilitation, and demolition-and-development projects. Due to environmental transition demands, lower ecological footprint and declining costs, rehabilitation is incentivized instead of demolition-and-development. In essence, this study examines current house prices in relation to planned redevelopment projects in location of advocating neighbourhood quality. Four groups of neighbourhoods were examined which operationalize projects of planned rehabilitation, planned demolition-and-development, both transformations and no transformation within a 500-meter radius around each transaction, through a measurement of the Euclidean distance. The investigation of the hedonic price model reflects that planned redevelopment projects within a 500-meter radius associate with a 2.17% lower transaction price. Furthermore, through the distinction of transformations a positive significant association is observed between house prices and planned rehabilitation projects near to transactions. Transformations beyond the 500-meter radius from a transaction until the 1,000-meter range associates with a higher negative house price. Heterogenous outcomes are found between the twelve territories of the Greater Metropolitan Region in Paris, France in support of the diverse neighbourhood qualities in the study area.
%L theses_frw4780
%T The relationship between house prices and planned demolition-and-development or planned rehabilitation projects - The case of Paris, France