The Impact of the Announcement of Temporary Building Sites for Refugees on House Prices in Gothenburg

Josef Kjellander (), Viktor Nilsson and Aico van Vuuren
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Josef Kjellander: University of Gothenburg
Viktor Nilsson: University of Gothenburg

No 11726, IZA Discussion Papers from IZA Network @ LISER

Abstract: We evaluate the price development of apartments in neighborhoods surrounding temporary housing for refugees using the unpredicted announcement of three building sites, targeting refugees, in Gothenburg. More in particular, we look at the price development in the year after the announcement. We use a causal outcome model that takes account of time and postal-code fixed effects and we define an area to be affected by the announcement based on walking distance. We find support for a small and significant price effect. In addition, we find that the price effect of the neighborhood depends on the income level of the neighborhood. We interpret this as evidence for the fact that not having to live close to refugees can be seen as a luxury good.

Keywords: house prices; migration (search for similar items in EconPapers)
JEL-codes: O15 O18 R31 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2018-08
New Economics Papers: this item is included in nep-eur and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: The impact of the announcement of temporary building sites for refugees on house prices in Gothenburg (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:iza:izadps:dp11726

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