Arbeitspapier

The Impact of Mixed Land Use on Residential Property Values

Contemporary European urban planning policies aim to mix land uses in compact neighbourhoods. It is presumed that mixing land uses yields socio-economic benefits and therefore has a positive effect on housing values. In this paper, we investigate the impact of mixed land use on housing values using semiparametric estimation techniques. We demonstrate that a diverse neighbourhood is positively valued by households. There are various land use types which positively affect house prices, e.g. business services and leisure. Land uses that are incompatible with residential land use are, among others, manufacturing and wholesale. It appears that households are willing to pay up to 6 percent more for a house in a mixed neighbourhood than for an otherwise comparable house in a monofunctional area. We also show that there is substantial heterogeneity in willingness to pay for mixed land use. For example, apartment occupiers are willing to pay almost 25 percent more for diversity than households living in detached housing.

Sprache
Englisch

Erschienen in
Series: Tinbergen Institute Discussion Paper ; No. 10-105/3

Klassifikation
Wirtschaft
Land Use Patterns
Real Estate Markets, Spatial Production Analysis, and Firm Location: General
Regional Government Analysis: Land Use and Other Regulations
Regional Development Planning and Policy
Thema
Mixed land use
diversity
hedonic price analysis
semiparametric estimation
Bauleitplan
Wohnimmobilien
Immobilienpreis
Willingness to pay
Hedonischer Preisindex
Nichtparametrisches Verfahren
Schätzung
Rotterdam

Ereignis
Geistige Schöpfung
(wer)
Koster, Hans R.A.
Rouwendal, Jan
Ereignis
Veröffentlichung
(wer)
Tinbergen Institute
(wo)
Amsterdam and Rotterdam
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Koster, Hans R.A.
  • Rouwendal, Jan
  • Tinbergen Institute

Entstanden

  • 2010

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