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La rénovation de la Goutte d'Or est-elle un succès ?. Un diagnostic à l'aide d'indices de prix immobilier

Fabrice Barthélémy (), Alessandra Michelangeli () and Alain Trannoy ()

Economie & Prévision, 2007, vol. n° 180-181, issue 4, 107-126

Abstract: Is the Renovation of the Goutte d'Or District a Success? An Assessment Using Real-Estate Price Indexes The renovation of La Goutte d'Or, a district near Montmartre (Paris), started in 1985 and continues to this day. Our paper uses the residential housing market as an instrument to evaluate the renovation. We draw on a rich and detailed database on transaction prices, comprising more than 380,000 observations over the period 1981-2001. We can thus study the dynamics of the residential housing market by estimating hedonic price indexes for all of Paris, for the districts under renovation, and for a “control” district. At the district level, we detect a short-term but apparently unsustainable effect of the renovation. At the individual housing level, we provide empirical evidence that the negative externality generated by La Goutte d'Or has been weakening since the start of the project.

Keywords: urban renovation; hedonic; real-estate price index (search for similar items in EconPapers)
Date: 2007
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Journal Article: La rénovation de la Goutte d'Or est-elle un succès ? Un diagnostic à l'aide d'indices de prix immobilier (2007) Downloads
Working Paper: La Rénovation de la Goutte d’Or est elle un succès ? Un Diagnostic à l’Aide d’Indices de Prix Immobilier (2004) Downloads
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