The effect of urban trees on house prices: evidence from cut-down trees in Amsterdam

Jan Rouwendal and Lynn Bouwknegt
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Lynn Bouwknegt: Vrije Universiteit Amsterdam

No 23-059/VIII, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: This paper studies the effect of urban trees on house prices in Amsterdam by utilizing a detailed data set of trees that were cut-down near the house. By using exogenous reasons the tree was cut-down such as disease or storm, unobserved heterogeneity can be dealt with, and a causal effect established. We use a staggered difference-in-difference approach to hedonic pricing analysis. We find an effect of 1.19 percent decrease in house prices when a tree is cut-down within 75 meters of the house. The effect is largest when trees within that area are scarce. This provides further evidence that urban trees are a valued aesthetic amenity for home owners and should be treated accordingly.

JEL-codes: D62 Q51 R31 (search for similar items in EconPapers)
Date: 2023-10-12
New Economics Papers: this item is included in nep-res and nep-ure
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