Westera, H. (2019) The impact of Airbnb on residential property transaction prices in the Greater London residential property market. Master thesis.
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Abstract
This thesis concerns an empirical analysis of the aggregated impact of Airbnb on the Greater London residential property market. Amongst in other cities, the presence of the home sharing economy platform opened a strong debate on affordability of residential properties in London. Airbnb is proxied as a density variable by measuring the number of active Airbnb listings per thousand inhabitants. Data between 2009 and 2017 is analyzed by using a fixed effect model approach. The results show that if Airbnb density increases with one percent, residential house prices will increase with 4.71 percent. These results could have strong implications for governmental policy makers.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. and Duijn, M. van |
| Date Deposited: | 23 Apr 2020 05:36 |
| Last Modified: | 23 Apr 2020 05:36 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/2155 |
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