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In this paper we exploit the enactment of a city-level building height-restriction-law in some, but not all, counties located in the largest city of northeast Brazil to investigate how restrictions… Click to show full abstract
In this paper we exploit the enactment of a city-level building height-restriction-law in some, but not all, counties located in the largest city of northeast Brazil to investigate how restrictions to urban land-use affect real estate market prices. Using a difference-in-geographic-discontinuity design, we show that the imposed restriction led apartments (houses) to experience a significant increase (decrease) in unit prices.
Keywords:
difference;
housing prices;
restrictions housing;
prices difference;
height restrictions;
discontinuity
Journal Title: Economics Letters
Year Published: 2018
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!