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Gentrification through the sale of rental housing? Evidence from Amsterdam

Author

Listed:
  • Jan (J.) Rouwendal

    (VU Amsterdam)

  • Adriaan Keus

    (VU Amsterdam)

  • Jasper Dekkers

    (VU Amsterdam)

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

  • Jan (J.) Rouwendal & Adriaan Keus & Jasper Dekkers, 2018. "Gentrification through the sale of rental housing? Evidence from Amsterdam," Tinbergen Institute Discussion Papers 18-022/VIII, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20180022
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    References listed on IDEAS

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    1. Timothy J. Bartik, 1991. "Who Benefits from State and Local Economic Development Policies?," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number wbsle.
    2. Guerrieri, Veronica & Hartley, Daniel & Hurst, Erik, 2013. "Endogenous gentrification and housing price dynamics," Journal of Public Economics, Elsevier, vol. 100(C), pages 45-60.
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    4. Willem R. Boterman & Wouter P.C. Gent, 2014. "Housing Liberalisation and Gentrification: The Social Effects of Tenure Conversions in Amsterdam," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 105(2), pages 140-160, April.
    5. Henri L.F. de Groot & Gerard Marlet & Coen Teulings & Wouter Vermeulen, 2015. "Cities and the Urban Land Premium," Books, Edward Elgar Publishing, number 16515.
    6. Paul Cheshire, 1995. "A New Phase of Urban Development in Western Europe? The Evidence for the 1980s," Urban Studies, Urban Studies Journal Limited, vol. 32(7), pages 1045-1063, August.
    7. Hans R.A. Koster & Jan Rouwendal, 2017. "Historic Amenities and Housing Externalities: Evidence from the Netherlands," Economic Journal, Royal Economic Society, vol. 127(605), pages 396-420, October.
    8. Jan Rouwendal & Mark van Duijn, 2017. "Measuring Diverging House Prices," Tinbergen Institute Discussion Papers 17-028/VIII, Tinbergen Institute, revised 16 Apr 2018.
    9. Paul C. Cheshire, 2006. "Resurgent Cities, Urban Myths and Policy Hubris: What We Need to Know," Urban Studies, Urban Studies Journal Limited, vol. 43(8), pages 1231-1246, July.
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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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