The effect of urban trees on house prices: evidence from cut-down trees in Amsterdam

Arbeitspapier

This paper studies the effect of urban trees on house prices in Amsterdam by utilizing a detailed data set of trees that were cut-down near the house. By using exogenous reasons the tree was cut-down such as disease or storm, unobserved heterogeneity can be dealt with, and a causal effect established. We use a staggered difference-in-difference approach to hedonic pricing analysis. We find an effect of 1.19 percent decrease in house prices when a tree is cut-down within 75 meters of the house. The effect is largest when trees within that area are scarce. This provides further evidence that urban trees are a valued aesthetic amenity for home owners and should be treated accordingly.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Tinbergen Institute Discussion Paper ; No. TI 2023-059/VIII

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Externalities ; Valuation of Environmental Effects ; Housing Supply and Markets
• Thema: Immobilienpreis ; Baum ; Hedonischer Preisindex ; Amsterdam ; Niederlande

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bouwknegt, Lynn ; Rouwendal, Jan
• Ereignis: Veröffentlichung
• (wer): Tinbergen Institute
• (wo): Amsterdam and Rotterdam
• (wann): 2023

Weitere Informationen

• Handle: http://hdl.handle.net/10419/282872
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ