Impact of School Quality and Neighborhoods on Housing Prices in Moscow

D. Chugunov
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D. Chugunov: Institute of Studies of Education, NRU HSE, Moscow, Russia

Journal of the New Economic Association, 2013, vol. 17, issue 1, 87-112

Abstract: The author investigates the influence of school quality and neighborhood characteristics on housing prices in the districts of Moscow city. The research revealed that the Soviet model of intracity settlement - on a residence permit - has been destroyed, as well as connections between the real estate market and factors of social environment, including quality of schools and education provided there. Today there is a quasimarket of educational services. Market laws work only in private sector of education. Presence of quality school in the district is a significant factor of social environment for solvent individuals at choosing place of living in Moscow. Real estate buyers that prefer quality education, make a choice in the favor of private schools that in its turn has an impact on the cost of apartments.

Keywords: education quality; school education; neighborhoods; housing prices (search for similar items in EconPapers)
JEL-codes: I22 I25 I28 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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