An Exploration of Inner-City Property Markets

Emily Zietz and Stacy Sirmans

Journal of Real Estate Literature, 2004, vol. 12, issue 3, 323-360

Abstract: A growing interest in the revitalization and development of inner-city property is evidenced by the number of articles that are appearing in the real estate and finance literature. This article examines over eighty academic and industry publications and groups the studies into five areas: (1) the development and demand for public and inner-city housing; (2) urban growth, sprawl and housing mobility; (3) financing and subsidization of inner-city housing; (4) price, rent gap and affordability concerns; and (5) gentrification and displacement in inner-city areas. Results indicate that interest in these unique properties will likely continue for many years; however, positive returns from the revitalization efforts will likely require government intervention.

Date: 2004
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DOI: 10.1080/10835547.2004.12090147

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