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Height restrictions and housing prices: A difference-in-discontinuity approach

Raissa N.D. Dantas, Gisleia Duarte, Raul da Mota Silveira Neto and Breno Sampaio

Economics Letters, 2018, vol. 164, issue C, 58-61

Abstract: In this paper we exploit the enactment of a city-level building height-restriction-law in some, but not all, counties located in the largest city of northeast Brazil to investigate how restrictions to urban land-use affect real estate market prices. Using a difference-in-geographic-discontinuity design, we show that the imposed restriction led apartments (houses) to experience a significant increase (decrease) in unit prices.

Keywords: Property values; Height restrictions; Urban land-use; Differences-in-geographic-discontinuity design (search for similar items in EconPapers)
JEL-codes: C13 R1 R5 (search for similar items in EconPapers)
Date: 2018
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