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Gentrification through the sale of rental housing? Evidence from Amsterdam

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  • Rouwendal, Jan
  • Keus, Adriaan
  • Dekkers, Jasper

Abstract

This paper analyzes the impact of the sale of rental housing in Amsterdam on the local housing market. This increases the supply of owner-occupied housing, but can also contribute to gentrification associated with the inflow of different household groups. Earlier literature focused on the former effect and reported a negative price effect. We take a fresh look at the issue by considering the sale of private as well as social rental housing, allow for differing time trends within the municipality, controlling for area fixed effects, distinguishing between short and long-term impacts and addressing endogeneity of the sale of rental housing. The main finding is a robust gentrifying effect of the sale of private rental housing in the core area of Amsterdam.

Suggested Citation

  • Rouwendal, Jan & Keus, Adriaan & Dekkers, Jasper, 2018. "Gentrification through the sale of rental housing? Evidence from Amsterdam," Journal of Housing Economics, Elsevier, vol. 42(C), pages 30-43.
    • Handle: RePEc:eee:jhouse:v:42:y:2018:i:c:p:30-43
    DOI: 10.1016/j.jhe.2018.07.002
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    Cited by:

    1. Cheshire, Paul C. & Hilber, Christian A. L., 2018. "Housing in Europe: a different continent - a continent of differences," LSE Research Online Documents on Economics 90645, London School of Economics and Political Science, LSE Library.

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    More about this item

    Keywords

    Gentrification; Social housing; dutch housing market;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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