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La rénovation de la Goutte d'Or est-elle un succès ?. Un diagnostic à l'aide d'indices de prix immobilier

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  • Fabrice Barthélémy
  • Alessandra Michelangeli
  • Alain Trannoy

Abstract

Is the Renovation of the Goutte d'Or District a Success? An Assessment Using Real-Estate Price Indexes The renovation of La Goutte d'Or, a district near Montmartre (Paris), started in 1985 and continues to this day. Our paper uses the residential housing market as an instrument to evaluate the renovation. We draw on a rich and detailed database on transaction prices, comprising more than 380,000 observations over the period 1981-2001. We can thus study the dynamics of the residential housing market by estimating hedonic price indexes for all of Paris, for the districts under renovation, and for a ?control? district. At the district level, we detect a short-term but apparently unsustainable effect of the renovation. At the individual housing level, we provide empirical evidence that the negative externality generated by La Goutte d'Or has been weakening since the start of the project.

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  • Fabrice Barthélémy & Alessandra Michelangeli & Alain Trannoy, 2007. "La rénovation de la Goutte d'Or est-elle un succès ?. Un diagnostic à l'aide d'indices de prix immobilier," Economie & Prévision, La Documentation Française, vol. 0(4), pages 107-126.
    • Handle: RePEc:cai:ecoldc:ecop_180_0107
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    2. Marco Brambilla & Alessandra Michelangeli & Eugenio Peluso, 2013. "Equity in the City: On Measuring Urban (Ine)quality of Life," Urban Studies, Urban Studies Journal Limited, vol. 50(16), pages 3205-3224, December.
    3. Benjamin Bureau & Matthieu Glachant, 2010. "Évaluation de l'impact des politiques. Quartiers verts et Quartiers tranquilles sur les prix de l'immobilier à Paris," Economie & Prévision, La Documentation Française, vol. 0(1), pages 27-44.
    4. Laetitia Tuffery, 2016. "The recreational services value of the nearest periurban forest versus the global forest environment," Documents de recherche 16-06, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.

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