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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/200883
Real Estate Prices and Land Use Regulations: Evidence from the law of heights in Bogotá
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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.
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BUITRAGO-MORA, Diego and GARCÍA LÓPEZ, Miquel-Àngel. Real Estate Prices and Land Use Regulations: Evidence from the law of heights in Bogotá. IEB Working Paper 2023/05. [consulted: 16 of June of 2026]. Available at: https://hdl.handle.net/2445/200883