Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286755 
Year of Publication: 
2021
Citation: 
[Journal:] Review of Regional Research [ISSN:] 1613-9836 [Volume:] 42 [Issue:] 2 [Publisher:] Springer [Place:] Berlin, Heidelberg [Year:] 2021 [Pages:] 111-139
Publisher: 
Springer, Berlin, Heidelberg
Abstract: 
Using Dortmund as a case study we analyse whether rents and housing prices responded to local demographic change in a German city between 2007 and 2016. In a two-step analysis based on a spatial autoregressive hedonic pricing model and a discrete choice model of housing location we find that during the study period as a whole, higher local mortality induced a negative effect on apartment prices and rents. Yet, the neighbourhood effects of local ageing vary across sub-city districts. Most prominently, the study period was characterised by a strong and rising desire to purchase or rent housing in the vicinity of the city centre. Furthermore, prices for owner-occupied apartments and houses increased rapidly in the more well-off southern part of the city and particularly in a previously declining community, where a large-scale urban regeneration and environmental upgrading project has been implemented since 2011. The characteristics of households likely to move to this neighbourhood switched from low to high income.
Subjects: 
Demographic segregation
Hedonic analysis
Spatial autocorrelation
Discrete choice
Urban policy
JEL: 
R21
R23
R31
R58
J61
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

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