The effect of urban trees on house prices: evidence from cut-down trees in Amsterdam
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 urb... Mehr ...
Verfasser: | |
---|---|
Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2023 |
Verlag/Hrsg.: |
Amsterdam and Rotterdam: Tinbergen Institute
|
Schlagwörter: | ddc:330 / D62 / Q51 / R31 / Immobilienpreis / Baum / Hedonischer Preisindex / Amsterdam / Niederlande |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26860367 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/282872 |
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.