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

Uwe Neumann and Lisa Taruttis
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Lisa Taruttis: University of Duisburg-Essen

Review of Regional Research: Jahrbuch für Regionalwissenschaft, 2022, vol. 42, issue 2, No 2, 139 pages

Abstract: Abstract 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.

Keywords: Demographic segregation; Hedonic analysis; Spatial autocorrelation; Discrete choice; Urban policy (search for similar items in EconPapers)
JEL-codes: J61 R21 R23 R31 R58 (search for similar items in EconPapers)
Date: 2022
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Working Paper: Sorting in an urban housing market - is there a response to demographic change? (2018)
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DOI: 10.1007/s10037-021-00158-7

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