Sorting in an urban housing market—is there a response to demographic change?

Artikel

Using Dortmund as a case study we analyse whether rents and housing prices responded to local demographic change in a German city between 2007 and 2016. In a two-step analysis based on a spatial autoregressive hedonic pricing model and a discrete choice model of housing location we find that during the study period as a whole, higher local mortality induced a negative effect on apartment prices and rents. Yet, the neighbourhood effects of local ageing vary across sub-city districts. Most prominently, the study period was characterised by a strong and rising desire to purchase or rent housing in the vicinity of the city centre. Furthermore, prices for owner-occupied apartments and houses increased rapidly in the more well-off southern part of the city and particularly in a previously declining community, where a large-scale urban regeneration and environmental upgrading project has been implemented since 2011. The characteristics of households likely to move to this neighbourhood switched from low to high income.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Review of Regional Research ; ISSN: 1613-9836 ; Volume: 42 ; Year: 2021 ; Issue: 2 ; Pages: 111-139 ; Berlin, Heidelberg: Springer

Classification and Topics

• Classification: Geografie, Reisen ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics ; Housing Supply and Markets ; Regional Development Planning and Policy ; Geographic Labor Mobility; Immigrant Workers
• Subject: Demographic segregation ; Hedonic analysis ; Spatial autocorrelation ; Discrete choice ; Urban policy

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Neumann, Uwe ; Taruttis, Lisa
• Event: Veröffentlichung
• (who): Springer
• (where): Berlin, Heidelberg
• (when): 2021

Further information

• DOI: doi:10.1007/s10037-021-00158-7