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Target group analysis in Budapest: district IX vs. district VIII (an update of the situation)

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  • Tom J. Kauko

Abstract

This is a continuation of prior work by same author, where the idea is to tie two traditions together: public planning related land use regulation and property price development in a given area during a given time-period. The main idea is to distinguish between cases where price is affected, either negatively or positively, by a planning related measure and that price trend is confirmed to be caused by scarcity (or abundance), quality improvement (reduction) or something more oriented towards changes in the relevant institutional circumstances. Here a number of different traditions can be connected with such as the US based tradition of equilibrium urban and land economics, UK based tradition of descriptive analysis of price trajectories observed vis-à-vis land use constraints, or other tradition such as particular analyses carried out in countries with traditionally strong land policy such as Netherlands, Finland or Hong Kong. The empirical part of the study examines price and neighbourhood quality changes in residential areas undergoing urban regeneration, based on target vs. comparative group analysis and site visits in downtown Budapest (Hungary).

Suggested Citation

  • Tom J. Kauko, 2016. "Target group analysis in Budapest: district IX vs. district VIII (an update of the situation)," ERES eres2016_26, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2016_26
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2016-26
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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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