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Urban renewal after the Berlin Wall

  • Richter, Felix
  • Ahlfeldt, Gabriel
  • Maennig, Wolfgang

Urban renewal areas are popular instruments in spatial planning to prevent urban decline and to induce urban renewal. 22 renewal areas were implemented in Berlin, Germany alone between 1993 and 1995, mainly to increase housing and living quality in the aftermath of the city s long division during the Cold War period. We use a quasi-experimental research design to study the long-run effects of these designations on property prices within and surrounding the renewal areas. While there is evidence for significant improvements in the quality of the housing stock and increases in property prices in the targeted areas, evidence is weak at best for positive housing externalities. Our results further indicate that fundamental location advantages increase the impact of the policy.

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File URL: https://econstor.eu/bitstream/10419/79789/1/VfS_2013_pid_288.pdf
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Paper provided by Verein für Socialpolitik / German Economic Association in its series Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order with number 79789.

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Date of creation: 2013
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Handle: RePEc:zbw:vfsc13:79789
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