Impact of School Quality and Neighborhoods on Housing Prices in Moscow
AbstractThe author investigates the influence of school quality and neighborhood characteristics on housing prices in the districts of Moscow city. The research revealed that the Soviet model of intracity settlement - on a residence permit - has been destroyed, as well as connections between the real estate market and factors of social environment, including quality of schools and education provided there. Today there is a quasimarket of educational services. Market laws work only in private sector of education. Presence of quality school in the district is a significant factor of social environment for solvent individuals at choosing place of living in Moscow. Real estate buyers that prefer quality education, make a choice in the favor of private schools that in its turn has an impact on the cost of apartments.
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Bibliographic InfoArticle provided by New Economic Association in its journal Journal of the New Economic Association.
Volume (Year): 17 (2013)
Issue (Month): 1 ()
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More information through EDIRC
education quality; school education; neighborhoods; housing prices;
Find related papers by JEL classification:
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
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