Unbundling curbside parking costs from housing prices

Ozan Bakis, Eren Inci and Rifat Senturk

Journal of Economic Geography, 2019, vol. 19, issue 1, 89-119

Abstract: This article empirically shows that at least some of the costs of curbside parking spaces are capitalized in housing prices even though these parking spaces are not formally bundled with housing units. Making use of Istanbul’s transition from free and informal curbside parking to paid and formal, we find that housing prices decreased substantially in response to city operated curbside parking, whereas rents remained statistically the same or, at best, decreased only very slightly.

Keywords: Parking; housing prices; rents (search for similar items in EconPapers)
JEL-codes: L91 O17 O18 R31 R41 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (7)

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