Slomp, D.P. (2019) Negative Micro-Externalities of Purpose-Built Student Accommodations. Master thesis.
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Abstract
The Dutch market for student housing has recently experienced a rise of Purpose-Built Student Accommodations (PBSA) as response to traditional forms of student housing. PBSA often correspond to the concentrated arrival of a few hundred students in a single real estate object, exerting their influence on their direct surroundings. This study provides insights into the external economic effects of PBSA on nearby residential property prices by applying a difference-in-difference specification of the hedonic pricing model. The initial results indicate a discount of 25.95% for properties in close proximity to PBSA, decaying concavely to near zero over a distance of about 70 meters. These effects also decay over time, which can possibly be attributed to initial preconceptions towards PBSA that lose their strength over time. The results may inform urban planners and policy makers that are responsible for the spatial allocation of PBSA.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Daams, M.T. |
| Date Deposited: | 23 Apr 2020 05:46 |
| Last Modified: | 23 Apr 2020 05:46 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3052 |
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