Abstract
This paper analyzes the impact of the sale of rental housing in Amsterdam on the local housing market. This increases the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different household groups. Earlier literature focused on the former effect and reported a negative price effect. We take a fresh look at the issue by considering the sale of private as well as social rental housing, allow for differing time trends within the municipality, controlling for area fixed effects, distinguishing between short and long-term impacts and addressing endogeneity of the sale of rental housing. The main finding is a robust gentrifying effect of the sale of private rental housing in the core area of Amsterdam.
| Original language | English |
|---|---|
| Pages (from-to) | 30-43 |
| Number of pages | 14 |
| Journal | Journal of Housing Economics |
| Volume | 42 |
| Early online date | 26 Jul 2018 |
| DOIs | |
| Publication status | Published - Dec 2018 |
Funding
We like to thank the Dutch Association of Real Estate Agents (NVM), the Research and Statistics department (OIS) of the municipality of Amsterdam, and in particular Jeroen Slot, and the Amsterdamse Federatie van Woningcorporaties (AFWC), and in particular Jeroen van der Veer, for making available data for this study. We thank Paul Cheshire and an anonymous referee for very useful and detailed comments on earlier drafts of the paper. Any remaining errors are ours.
| Funders | Funder number |
|---|---|
| Amsterdamse Federatie van Woningcorporaties | |
| Dutch Association of Real Estate Agents | |
| NVM | |
| Research and Statistics department |
Keywords
- Gentrification
- Social housing, dutch housing market
