IDEAS home Printed from https://ideas.repec.org/a/taf/intjhp/v20y2020i2p252-272.html
   My bibliography  Save this article

The impact of historic preservation policies on housing values

Author

Listed:
  • Ida Qvenild Nesset
  • Are Oust

Abstract

Historic preservation dwellings offer qualities that benefit both owners and society. At the same time, preservation policies might include some costs and restrictions. Although many studies have aimed to assess the impact of historic preservation on housing values, this study, to our knowledge, is the first to investigate whether the historic preservation premium is due to the changed juridical status (a policy effect), or the qualities observed by the buyers that are unobserved in the model. By using a unique data set that combines data of preserved historic dwellings in Oslo, Norway, and data from the housing market from 1990 to 2017, we study sales prices for the same dwellings both before and after historic preservation. The higher prices of preserved historic dwellings seem to be caused by qualities in the dwellings that correlate with the forthcoming historic preservation, and not by the policy itself.

Suggested Citation

  • Ida Qvenild Nesset & Are Oust, 2020. "The impact of historic preservation policies on housing values," International Journal of Housing Policy, Taylor & Francis Journals, vol. 20(2), pages 252-272, April.
    • Handle: RePEc:taf:intjhp:v:20:y:2020:i:2:p:252-272
    DOI: 10.1080/19491247.2019.1688633
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/19491247.2019.1688633
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/19491247.2019.1688633?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:intjhp:v:20:y:2020:i:2:p:252-272. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REUJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.