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Impact of sports arenas on land values: evidence from Berlin

Author

Listed:
  • Ahlfeldt, Gabriel M.
  • Maennig, Wolfgang

Abstract

This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg which were designed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3,000 m. The patterns of impact vary, indicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.

Suggested Citation

  • Ahlfeldt, Gabriel M. & Maennig, Wolfgang, 2010. "Impact of sports arenas on land values: evidence from Berlin," LSE Research Online Documents on Economics 25512, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:25512
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    File URL: https://researchonline.lse.ac.uk/id/eprint/25512/
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    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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