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https://hdl.handle.net/2445/200883| Title: | Real Estate Prices and Land Use Regulations: Evidence from the law of heights in Bogotá |
| Author: | Buitrago-Mora, Diego García López, Miquel-Àngel |
| Keywords: | Valoració de béns immobles Ús urbà del sòl Bogotà (Colòmbia) Real property valuation Urban land use Bogotá (Colombia) |
| Issue Date: | 2023 |
| Publisher: | Institut d’Economia de Barcelona |
| Series/Report no: | [WP E-IEB23/05] |
| Abstract: | Between 2015 and 2017, the Law of Heights (Policy-562) regulated areas of urban renewal in specific locations of Bogotá (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. |
| Note: | Reproducció del document publicat a: https://ieb.ub.edu/wp-content/uploads/2023/06/Doc2023-05.pdf |
| It is part of: | IEB Working Paper 2023/05 |
| URI: | https://hdl.handle.net/2445/200883 |
| Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| IEB23_05_Buitrago+Garcia.pdf | 1.85 MB | Adobe PDF | View/Open |
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