Hevink, Bob (2023) What is the impact of stations Noord and Noorderpark of the Noord/Zuidlijn on local house prices in Amsterdam? Master thesis.
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Abstract
In 2018, sixteen years after its announcement, the Noord/Zuidlijn was completed. The metro line connects the northern part of Amsterdam to the southern part, via the inner city. Despite negative portrayals of the project in the media, the number of users has increased annually and the overall satisfaction level with the line is high. The municipality of Amsterdam plans to extend the metro line, making it important to understand the potential consequences for the value of properties located in close proximity to the new stations. Increasing knowledge on this topic can be beneficial for the assessment of current and future policies and measures. To estimate the effect of the completion of the Noord/Zuidlijn on local house prices, a difference-in-differences approach was used. The metro stations Noord and Noorderpark, located in the northern district of the city, were analyzed since this part of the city did not have access to a metro line before. The results of the analysis show that house prices within 250 meters of the metro stations decreased, while prices beyond this distance increased gradually. The highest effect was observed in the area between 500-750 meters from the stations, the effect of the completion moved in a concave way. The study shows that the completion of the Noord/Zuidlijn had a positive external effect on surrounding house prices.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. |
| Date Deposited: | 27 Jun 2023 12:03 |
| Last Modified: | 27 Jun 2023 12:03 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4193 |
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