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Do urban tourism hotspots affect Berlin housing rents?

Author

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  • Philipp Schäfer
  • Jens Hirsch

Abstract

Purpose - This study aims to analyze whether urban tourism affects Berlin housing rents. Urban tourism is of considerable economic importance for many urban destinations and has developed very strongly over the past few years. The prevailing view is that urban tourism triggers side-effects, which affect the urban housing markets through a lack of supply and increasing rents. Berlin represents Germany’s largest rental market and is particularly affected by growing urban tourism and increasing rents. Design/methodology/approach - The paper considers whether urban tourism hotspots affect Berlin’s housing rents, using two hedonic regression approaches, namely, conventional ordinary least squares (OLS) and generalized additive models (GAM). The regression models incorporate housing characteristics as well as several distance-based measures. The research considers tourist attractions, restaurants, hotels and holiday flats as constituents of tourism hotspots and is based on a spatial analysis using geographic information systems (GIS). Findings - The results can be regarded as a preliminary indication that rents are, indeed, affected by urban tourism. Rents seem to be positively correlated with the touristic attractiveness of a particular location, even if it is very difficult to accurately measure the real quantity of the respective effects of the urban tourism amenities, as the various models show. GAM outperforms the results of OLS and seems to be more appropriate for spatial analysis of rents across a city. Originality/value - To the best of the authors’ knowledge, the paper provides the first empirical analysis of the effects of urban tourism hotspots on the Berlin housing market.

Suggested Citation

  • Philipp Schäfer & Jens Hirsch, 2017. "Do urban tourism hotspots affect Berlin housing rents?," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 10(2), pages 231-255, April.
  • Handle: RePEc:eme:ijhmap:ijhma-05-2016-0031
    DOI: 10.1108/IJHMA-05-2016-0031
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    Citations

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    Cited by:

    1. Nasarre-Aznar Sergio, 2018. "Collaborative housing and blockchain," Administration, Sciendo, vol. 66(2), pages 59-82, May.
    2. Thomas Aguilera & Francesca Artioli & Claire Colomb, 2021. "Explaining the diversity of policy responses to platform-mediated short-term rentals in European cities: A comparison of Barcelona, Paris and Milan," Environment and Planning A, , vol. 53(7), pages 1689-1712, October.
    3. Časni Anita Čeh & Filić Josipa, 2022. "Tourism housing price nexus," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 8(2), pages 53-65, December.
    4. Beimer, Waldemar & Maennig, Wolfgang, 2020. "On the price gap between single family houses and apartments," Journal of Housing Economics, Elsevier, vol. 49(C).
    5. Schmücker Dirk & Reif Julian, 2023. "Geht Tourismus alle an? Teilnahme der deutschen Gemeinden am Übernachtungstourismus," Zeitschrift für Tourismuswissenschaft, De Gruyter, vol. 15(1), pages 4-26, March.
    6. Agustín Álvarez-Herranz & Edith Macedo-Ruíz, 2021. "An Evaluation of the Three Pillars of Sustainability in Cities with High Airbnb Presence: A Case Study of the City of Madrid," Sustainability, MDPI, vol. 13(6), pages 1-35, March.
    7. Grace Abou Jaoude & Majd Murad & Olaf Mumm & Vanessa Miriam Carlow, 2024. "Operationalizing the open city concept: A case study of Berlin," Environment and Planning B, , vol. 51(3), pages 721-744, March.
    8. Sofia Vale & Felipa de Mello-Sampayo, 2021. "Effect of Hierarchical Parish System on Portuguese Housing Rents," Sustainability, MDPI, vol. 13(2), pages 1-17, January.
    9. Mirtha Lorena del Castillo & Christien Klaufus, 2020. "Rent-seeking middle classes and the short-term rental business in inner-city Lima," Urban Studies, Urban Studies Journal Limited, vol. 57(12), pages 2547-2563, September.

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