Arbeitspapier
Monument protection: internal and external price effects
This paper analyses the impact of heritage-listed buildings on condominium transaction prices in Berlin, Germany. We use transaction data to test for price differentials between listed and nonlisted properties and to study their impact on surrounding property prices. Proximity to built heritage is captured by distance to listed houses and indicators capturing neighborhoods with built heritage. Impact is assessed by applying a hedonic model to micro-level data and a non-parametric approach to location. While our findings suggest that listed properties do not sell at a premium or discount, heritage- listed buildings are found to have positive external effects on surrounding property prices.
- ISBN
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978-3-940369-49-9
- Language
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Englisch
- Bibliographic citation
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Series: Hamburg Contemporary Economic Discussions ; No. 17
- Classification
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Wirtschaft
Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand
Regional Government Analysis: Land Use and Other Regulations
Cultural Economics: Other
- Subject
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Cultural economics
built heritage
heritage significance
real estate economics
Berlin
- Event
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Geistige Schöpfung
- (who)
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Ahlfeldt, Gabriel M.
Maennig, Wolfgang
- Event
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Veröffentlichung
- (who)
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University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy
- (where)
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Hamburg
- (when)
-
2008
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ahlfeldt, Gabriel M.
- Maennig, Wolfgang
- University of Hamburg, Faculty of Business, Economics and Social Sciences, Chair for Economic Policy
Time of origin
- 2008
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Monument protection and zoning in Germany: Regulations and public support from an international perspective
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Assessing external effects of city airports: land values in Berlin
Large sport events and unemployment . The case of the 2006 soccer World Cup in Germany
Innovative Milieux and Regional Competitiveness: The Role of Associations and Chambers of Commerce and Industry in Germany (formerly: "Third sector, innovative milieux, and regional competitiveness")
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