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Zoning in reunified Berlin

Author

Listed:
  • Gabriel M. Ahlfeldt

    () (Department of Geography and Environment & Spatial Economics Research Centre (SERC), London School of Economics (LSE))

  • Wolfgang Maennig

    () (Chair for Economic Policy, University of Hamburg)

  • Felix J. Richter

    () (Chair for Economic Policy, University of Hamburg)

Abstract

While urban renewal programs have become widely used policy measures to target urban devel-opment less is known about the reasons why certain areas are more responsive to policy inter-ventions than others. With this study we address some of these issues by analyzing an urban re-newal program in Berlin, Germany, with 22 designated renewal zones between 1990 and 2012. We separately estimate the effects of the renewal policy on property prices for each respective redevelopment area by comparing price developments in these areas to a series of runner-up areas and to geographically close transactions. We find a considerable amount of heterogeneity. While some areas profit form the renewal policies, there are several areas which develop quite differently and end up with a decrease in property prices due to the urban renewal policy.

Suggested Citation

  • Gabriel M. Ahlfeldt & Wolfgang Maennig & Felix J. Richter, 2017. "Zoning in reunified Berlin," Working Papers 059, Chair for Economic Policy, University of Hamburg.
  • Handle: RePEc:hce:wpaper:059
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    File URL: http://www.hced.uni-hamburg.de/WorkingPapers/HCED-059.pdf
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    References listed on IDEAS

    as
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    5. Falch, Torberg & Fischer, Justina A.V., 2012. "Public sector decentralization and school performance: International evidence," Economics Letters, Elsevier, vol. 114(3), pages 276-279.
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    8. Gabriel M. Ahlfeldt & Wolfgang Maennig & Felix J. Richter, 2013. "Urban Renewal after the Berlin Wall," Working Papers 049, Chair for Economic Policy, University of Hamburg.
    9. Wolfgang Maennig & Felix Richter, 2012. "Exports and Olympic Games," Journal of Sports Economics, , vol. 13(6), pages 635-641, December.
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    19. Sebastian Brandt & Wolfgang Maennig & Felix Richter, 2013. "Do places of worship affect housing prices? Evidence from Germany," Working Papers 048, Chair for Economic Policy, University of Hamburg.
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    25. Gabriel Ahlfeldt & Wolfgang Maennig, 2007. "Assessing External Effects of City Airports: Land Values in Berlin," Working Papers 011, Chair for Economic Policy, University of Hamburg.
    26. Wolfgang Maennig & Christian Wellbrock, 2016. "Rio 2016: Sozioökonomische Projektion des Olympischen Medaillenranking," Working Papers 056, Chair for Economic Policy, University of Hamburg.
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    Cited by:

    1. Franziska K. Kruse & Wolfgang Maennig, 2017. "The future development of world records," Working Papers 061, Chair for Economic Policy, University of Hamburg.
    2. Wolfgang Maennig, 2017. "Governance in Sports Organizations," Working Papers 060, Chair for Economic Policy, University of Hamburg.

    More about this item

    Keywords

    Urban; renewal; revitalization; area level; hedonic; policy evaluation;

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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