Height restrictions and housing prices: A difference-in-discontinuity approach
Raissa N.D. Dantas,
Raul da Mota Silveira Neto and
Economics Letters, 2018, vol. 164, issue C, 58-61
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:164:y:2018:i:c:p:58-61
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