IDEAS home Printed from https://ideas.repec.org/a/rrs/journl/v19y2025i1p87-120.html
   My bibliography  Save this article

Criminality and apartment prices: A study for Rio de Janeiro, Brazil

Author

Listed:
  • Luiz Andrés Ribeiro Paixão

    (Federal University of Rio de Janeiro (UFRJ), Brazil and The Brazilian Institute of Geography and Statistics (IBGE), Brazil)

Abstract

Violence is one of the biggest problems in Brazilian society, Brazil being one of the most violent countries in the world. Rio de Janeiro is the second largest Brazilian city both in economic and population terms and is the most famous Brazilian city in the world. Measuring the social cost of violence is an important task to understand the Rio de Janeiro reality. There is some consensus in literature that housing prices are very sensitive to environment changes and there is a negative relationship between violence rates and housing price. We developed a hedonic price model to quantitatively determine the effect of violence on apartments price in Rio de Janeiro, using homicide and robbery rates as criminality proxies. A set of control variables were included since these variables were relevant to Rio de Janeiro’s apartment market. We used spatial econometric frameworks to deal with the spatial nature of the data. Our results show that the increase in criminal violence is linked to the decrease in apartments prices in Rio de Janeiro.

Suggested Citation

  • Luiz Andrés Ribeiro Paixão, 2025. "Criminality and apartment prices: A study for Rio de Janeiro, Brazil," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 19(1), pages 87-120, June.
    • Handle: RePEc:rrs:journl:v:19:y:2025:i:1:p:87-120
    as

    Download full text from publisher

    File URL: https://rjrs.ase.ro/wp-content/uploads/2025/06/4-Brazilia.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    hedonic pricing; spatial econometrics; urban violence; housing Markets; Rio de Janeiro;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rrs:journl:v:19:y:2025:i:1:p:87-120. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bogdan-Vasile Ileanu (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.