Real estate prices and land use regulations: Evidence from the Law of Heights in Bogota

被引：0

作者：

Buitrago-Mora, Diego ^{[1
]}

Garcia-Lopez, Miquel-Angel ^{[1
,2
]}

机构：

[1] Univ Autonoma Barcelona, Dept Appl Econ, Edif B, Fac Econ & Empresa, Cerdanyola Del Valles 08193, Spain

[2] Inst Econ Barcelona, Barcelona, Spain

来源：

REGIONAL SCIENCE AND URBAN ECONOMICS | 2023年 / 101卷

关键词：

Real estate prices; Land regulations; ZONING FOLLOW; MARKETS; STRINGENCY;

D O I：

10.1016/j.regsciurbeco.2023.103914

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Between 2015 and 2017, the Law of Heights (Policy-562) regulated areas of urban renewal in specific locations of Bogota (Colombia). Using a novel dataset based on detailed information at the block level between 2008 and 2017, we study whether this policy affected real estate prices. Our empirical strategy compares the price per square meter before and after Policy-562 in treated blocks and in control blocks with similar pre-treatment traits. Results show that prices increased more in treated blocks than in the rest of the city. We also provide evidence that results are heterogeneous from a temporal, land use and strata point of view.

引用

页数：9

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