Browsing by Author "Kjellander, Josef"

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    Did the refugee crisis a ect local property prices? The case of temporary housing sites in Gothenburg.
    (2017-07-28) Kjellander, Josef; Nilsson, Viktor; University of Gothenburg/Graduate School; Göteborgs universitet/Graduate School
    We evaluate the property price development in neighborhoods surrounding temporary housing sites during "rumor phase" of construction. Property data from Booli.se and Lantmäteriet between 2014 - 2017 is used together with a simple hedonic pricing approach. We exploit the natural experiment setting of three simultaneous and unpredicted announced housing sites, targeting refugees, in Gothenburg and perform a difference-in-difference estimation to assess the effect. The results indicate that the single-family house market have been unaffected by the announcement while the market for apartments potentially have experienced a lower price development in areas surrounding the sites compared to the rest of Gothenburg. The results are however inconclusive and we highly encourage future research to replicate our study once the sites are up and running to evaluate the final effect as well as to identify the underlying determinants.
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    The impact of the announcement of temporary building sites for refugees on house prices in Gothenburg
    (2018-02) Kjellander, Josef; Nilsson, Viktor; van Vuuren, Aico; Dept. of Economics, University of Gothenburg
    We evaluate the price development of apartments in neighborhoods surrounding temporary housing for refugees using the unpredicted announcement of three building sites, targeting refugees, in Gothenburg. More in particular, we look at the price development in the year after the announcement. We use a causal outcome model that takes account of time and postal-code fixed effects and we define an area to be affected by the announcement based on walking distance. We find support for a small price effect.