Eres : Digital Library : Works

Paper eres2006_156:
DEVELOPMENT OF URBAN RENOVATION AND REHABILITATION PROGRAMMES IN THE HISTORIC CENTERS. EFFECTS ON THE EUROPEAN REAL ESTATE MARKET

id eres2006_156
authors Cervelló Royo, Roberto; Baldomero Segura Garcia del Rio; F.J. Ribal Sanchis; A. Blasco Riuz
year 2006
title DEVELOPMENT OF URBAN RENOVATION AND REHABILITATION PROGRAMMES IN THE HISTORIC CENTERS. EFFECTS ON THE EUROPEAN REAL ESTATE MARKET
source Book of Abstracts: 13th Annual European Real Estate Society Conference in Weimar, Germany
summary We analyze what effect the development of an urban rehabilitation program, mainly financed with public funds, has on the evolution of Real Estate values in the rehabilitated area and vicinity. We isolate the impact of the interventions over the value increase as a measure of the efficiency of the public rehabilitation performed in historical centers; the hedonic price function is seen as the most suitable methodology. For this, we study the average sale prices and the space-wise distribution, checking the evolution over the state intervention period. Moreover, we create a calculation index that allows us to measure any existing relation between the economical level of the intervention that has taken place by the public administration and the market values that have been observed.
keywords state intervention; real estate market; calculation index; price spatial distribution
series ERES:conference
type normal paper
discussion No discussions. Post discussion ...
ratings Ratings: 4
session 8-D
last changed 2008/11/01 09:47
HOMELOGIN (you are user _anon_208670 from group guest) Powered by SciX Open Publishing Services 1.002