Altenburg, David (2022) The effects of dual carriageway development on nearby house prices: Evidence from the Netherlands. Master thesis.
|
Text
Master's Thesis Final Version - D. Altenburg.pdf Download (2MB) | Preview |
Abstract
Over the past two decades a number of dual carriageway projects have taken place in the Netherlands. Existing literature has widely researched the effects of highway infrastructure on residential properties and although researchers agree upon the presence of positive and negative externalities near roads, different research outcomes exist among authors. This paper analyzes to what extent dual carriageway development affects surrounding house prices by analyzing eight dual carriageway projects from the Netherlands. The analysis considers residential transaction data from 2004 to 2021 and consists of two hedonic price models separating the effects from dual carriageway access points and from dual carriageways itself. Using difference-in-difference model specifications, property prices in the target and control area are compared with each other before, during, and after the construction period of the roads. Findings indicate positive effects of dual carriageway onramps on house prices during and after construction. A negative effect on house prices during and after construction is observed for the dual carriageway itself. These effects do not fade away linearly with distance. Results differ between newly constructed and redeveloped roads. Dual carriageway onramps of newly constructed roads generate higher positive external effects on house prices than of redeveloped roads and only an effect on house prices during the construction period is found for newly constructed onramps, which is positive. Only newly constructed dual carriageways itself generate effects on house prices during and after the construction period, which are negative. Redeveloped dual carriageways itself do not seem to impact house prices.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Nozeman, E.F. |
| Date Deposited: | 13 Jul 2022 07:33 |
| Last Modified: | 13 Jul 2022 07:33 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3874 |
Actions (login required)
 |
View Item |