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Urban villages and housing values in China
Stockholm University, Faculty of Social Sciences, Department of Economics.
2012 (English)In: Regional Science and Urban Economics, ISSN 0166-0462, E-ISSN 1879-2308, Vol. 42, no 3, 495-505 p.Article in journal (Refereed) Published
Abstract [en]

The presence of urban villages is a unique product of China's urbanization. In this article, we explore the effects of urban villages on the formal housing market. For this purpose, we develop a hedonic housing price model to investigate whether the proximity to urban villages affects the selling price of urban housing units. Controlling for the structure and other characteristics of urban housing units, we find that housing prices are lower the closer the buildings are from urban villages. We then carry out a survey of households living nearby and explore how they are affected by urban villages. The results indicate that there are both positive and negative effects associated with these villages.

Place, publisher, year, edition, pages
2012. Vol. 42, no 3, 495-505 p.
Keyword [en]
Hedonic prices, Urban villages, Housing price externalities, China
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:su:diva-76042DOI: 10.1016/j.regsciurbeco.2011.06.003ISI: 000302045000010OAI: oai:DiVA.org:su-76042DiVA: diva2:525801
Note
2Available from: 2012-05-09 Created: 2012-05-08 Last updated: 2017-12-07Bibliographically approved

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