Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/282901 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
Tinbergen Institute Discussion Paper No. TI 2024-004/VIII
Verlag: 
Tinbergen Institute, Amsterdam and Rotterdam
Zusammenfassung: 
This paperinvestigates the duration of housing construction projects in the Netherlands. We utilize comprehensive data from the Dutch Land Registry for the period 2013-2022 to investigate the importance of municipal land ownership, building plot price changes, construction costs, development inside areas that are already built-up and competition. The construction process covers the time between issuance of building permits and completion of the project, which can be split in a preparation and construction phase. We find that municipal involvement in projects speeds them up significantly, while increasing building plot prices and especially construction costs have a delaying effect. Construction inside already built-up areas fastens the preparation and slows down actual construction, with an significant net delaying effect on the total duration. Competition decreases the time needed for construction. Our results lend support to real option theory and indicate differences in the objections of private firms and local authorities.
Schlagwörter: 
housing construction
housing supply
land use planning
JEL: 
R3
R5
D2
Dokumentart: 
Working Paper
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