Does the Mini-Holland Programme Increase Residential Housing Prices in Outer London? : Assessing the Economic and Social Implications of Active Travel Infrastructure

This study examines the impact of the Mini-Holland Programme, an active travelinfrastructure intervention, on residential housing prices in Outer London boroughs.The programme, aimed at promoting walking and cycling, may have unintendedeconomic consequences. Employing a Difference-in-Differences approach and anevent study design, I analyse housing price data from 2002 to 2022. My findingsindicate a statistically significant 10% increase in housing prices in boroughs affectedby the programme, with the effect becoming evident post-announcement in 2014.These results suggest that while active trav... Mehr ...

Verfasser: Kees, Jessica
Dokumenttyp: Student thesis
Erscheinungsdatum: 2024
Verlag/Hrsg.: Linnéuniversitetet
Institutionen för nationalekonomi och statistik (NS)
Schlagwörter: Housing prices / Active travel infrastructure / Socio-economic disparities / Announcement effects / Economics / Nationalekonomi
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-29075893
Datenquelle: BASE; Originalkatalog
Powered By: BASE
Link(s) : http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-130083

This study examines the impact of the Mini-Holland Programme, an active travelinfrastructure intervention, on residential housing prices in Outer London boroughs.The programme, aimed at promoting walking and cycling, may have unintendedeconomic consequences. Employing a Difference-in-Differences approach and anevent study design, I analyse housing price data from 2002 to 2022. My findingsindicate a statistically significant 10% increase in housing prices in boroughs affectedby the programme, with the effect becoming evident post-announcement in 2014.These results suggest that while active travel infrastructure can enhance urbanmobility and health, it may also contribute to rising housing costs, potentiallyexacerbating socio-economic disparities. Further research at the micro-level isrecommended to fully understand the socio-economic long-term and distributionaleffects, while policymakers must aim for the benefits of improved infrastructure whilelimiting potential displacement effects on lower-income residents.Â