Zoning in Reunified Berlin

  • Gabriel M. Ahlfeldt
  • Wolfgang Maennig
  • Felix J. Richter
Chapter

Abstract

While urban renewal programs have become widely-used policy measures to target urban development, the reasons why certain areas are more responsive to policy interventions than others are less known. With this study, we address some of these issues by analyzing an urban renewal program in Berlin, Germany, with 22 designated renewal zones between 1990 and 2012. We separately estimate the effects of the renewal policy on property prices for each respective redevelopment area by comparing price developments in these areas to a series of runner-up areas and to geographically close transactions. We find a considerable amount of heterogeneity. While some areas profit from the renewal policies, there are several areas which develop quite differently and end up with a decrease in property prices due to the urban renewal policy.

Notes

Acknowledgments

We thank the Berlin Committee of Valuation Experts and the Senate Department for Urban Development and the Environment for data provision.

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  • Gabriel M. Ahlfeldt
    • 1
  • Wolfgang Maennig
    • 2
  • Felix J. Richter
    • 2
  1. 1.Department of Geography and Environment & Spatial Economics Research Centre (SERC)London School of Economics (LSE)LondonUK
  2. 2.Department of EconomicsUniversity of HamburgHamburgGermany

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