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Height restrictions and housing prices: A difference-in-discontinuity approach

Author

Listed:
  • Dantas, Raissa N.D.
  • Duarte, Gisleia
  • da Mota Silveira Neto, Raul
  • Sampaio, Breno

Abstract

In this paper we exploit the enactment of a city-level building height-restriction-law in some, but not all, counties located in the largest city of northeast Brazil to investigate how restrictions to urban land-use affect real estate market prices. Using a difference-in-geographic-discontinuity design, we show that the imposed restriction led apartments (houses) to experience a significant increase (decrease) in unit prices.

Suggested Citation

  • Dantas, Raissa N.D. & Duarte, Gisleia & da Mota Silveira Neto, Raul & Sampaio, Breno, 2018. "Height restrictions and housing prices: A difference-in-discontinuity approach," Economics Letters, Elsevier, vol. 164(C), pages 58-61.
    • Handle: RePEc:eee:ecolet:v:164:y:2018:i:c:p:58-61
    DOI: 10.1016/j.econlet.2018.01.002
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    References listed on IDEAS

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    2. Lima, Ricardo Carvalho de Andrade & Silveira Neto, Raul da Mota, 2019. "Zoning ordinances and the housing market in developing countries: Evidence from Brazilian municipalities," Journal of Housing Economics, Elsevier, vol. 46(C).

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    More about this item

    Keywords

    Property values; Height restrictions; Urban land-use; Differences-in-geographic-discontinuity design;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis

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