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Continuation of air-services in Berlin-Tegel and its effects on housing prices

Author

Listed:
  • Schaffner, Sandra
  • Breidenbach, Philipp
  • Cohen, Jeffrey P.

Abstract

The airport Berlin-Brandenburg that has been built for several years now will take over all flights from the existing airports in Berlin. Four weeks before the expected opening of the airport its was delayed by several months. This delay was exogeneous for (potential) residents in the surrounding of the existing airport Berlin-Tegel. We analyze the effect of airport noise and proximity to the airport on housing prices. Our identification strategy is based on the expectations regarding the termination of the airport. The results suggest that there is a negative effect of noise on housing prices while there are positive effects of proximity to Berlin-Tegel.

Suggested Citation

  • Schaffner, Sandra & Breidenbach, Philipp & Cohen, Jeffrey P., 2019. "Continuation of air-services in Berlin-Tegel and its effects on housing prices," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203623, Verein für Socialpolitik / German Economic Association.
    • Handle: RePEc:zbw:vfsc19:203623
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    References listed on IDEAS

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    More about this item

    Keywords

    Real Estate Prices; Airports; Aviation Noise; Proximity; Germany;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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