Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175039
Authors: 
Ahlfeldt, Gabriel M.
Maennig, Wolfgang
Richter, Felix J.
Year of Publication: 
2017
Series/Report no.: 
Hamburg Contemporary Economic Discussions 59
Abstract: 
While urban renewal programs have become widely used policy measures to target urban devel-opment less is known about the reasons why certain areas are more responsive to policy inter-ventions than others. With this study we address some of these issues by analyzing an urban re-newal program in Berlin, Germany, with 22 designated renewal zones between 1990 and 2012. We separately estimate the effects of the renewal policy on property prices for each respective redevelopment area by comparing price developments in these areas to a series of runner-up areas and to geographically close transactions. We find a considerable amount of heterogeneity. While some areas profit form the renewal policies, there are several areas which develop quite differently and end up with a decrease in property prices due to the urban renewal policy.
Subjects: 
Urban
renewal
revitalization
area level
hedonic
policy evaluation
JEL: 
D62
H23
R21
R31
ISBN: 
978-3-942820-33-2
Document Type: 
Working Paper
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