Author: Gabriel Ahlfeldt / Political Geography: Berlin

Author:: Gabriel Ahlfeldt and Wolfgang Maennig
Publication Date:: 04-2008
Content Type:: Working Paper
Institution:: Chair for Economic Policy, University of Hamburg
Abstract:: This paper employs a hedonic price model to explain standard land values in Berlin. Impact on land values is assessed for the two city airports situated in Berlin, Germany, Tempelhof and Tegel. Empirical results confirm expectations about the impact of various attributes on land values. Areas exposed to noise pollution of downtown airport Tempelhof sell at a discount of approximately 5-9% within a distance of 5000 m along the air corridor. No significantly negative impact was found for land values around Tegel Airport, which is located in a central, but less densely populated, area. Market access indicators created for all three Berlin airports in operation, including Berlin Schoenefeld International Airport, reveal clear location advantages in terms of accessibility of Tempelhof and Tegel compared to Schoenefeld Airport, where the new Berlin Brandenburg International Airport is about to be developed.
Topic:: Infrastructure, Land, and Airports
Political Geography:: Germany, Berlin, and United States of America

Author:: Gabriel Ahlfeldt and Wolfgang Maennig
Publication Date:: 04-2008
Content Type:: Working Paper
Institution:: Chair for Economic Policy, University of Hamburg
Abstract:: This paper analyses the impact of heritage-listed buildings on condominium transaction prices in Berlin, Germany. We use transaction data to test for price differentials between listed and nonlisted properties and to study their impact on surrounding property prices. Proximity to built heritage is captured by distance to listed houses and indicators capturing neighborhoods with built heritage. Impact is assessed by applying a hedonic model to micro-level data and a non-parametric approach to location. While our findings suggest that listed properties do not sell at a premium or discount, heritage-listed buildings are found to have positive external effects on surrounding property prices.
Topic:: Economics, Culture, Heritage, and Real Estate
Political Geography:: Europe, Germany, and Berlin

Author:: Gabriel Ahlfeldt and Wolfgang Maennig
Publication Date:: 05-2007
Content Type:: Working Paper
Institution:: Chair for Economic Policy, University of Hamburg
Abstract:: This paper investigates socioeconomic impacts of three multifunctional sports arenas situated in Berlin-Prenzlauer Berg, Germany. The three arenas were chosen for their potential to contribute to revitalisation of their economically deprived neighbourhoods. We employ a difference-in-differences approach to check for structural breaks in development of land values within areas of potential impact. Our results suggest that arenas emanate positive externalities and apparently have accelerated the process of gentrification going on in Prenzlauer Berg. However, evidence also supports concerns that congestion problems may adversely affect property values, at least when not addressed appropriately during planning.
Topic:: Economics, Architecture, Gentrification, and Stadiums
Political Geography:: Europe, Germany, and Berlin

Author:: Gabriel Ahlfeldt and Wolfgang Maennig
Publication Date:: 01-2007
Content Type:: Working Paper
Institution:: Chair for Economic Policy, University of Hamburg
Abstract:: This paper develops a hedonic price model explaining standard land values in Berlin. The model assesses the impact of three multifunc-tional sports arenas situated in Berlin-Prenzlauer Berg which were de-signed to improve the attractiveness of their formerly deprived neighbourhoods. Empirical results confirm expectations about the impact of various attributes on land values. Sports arenas have significant positive impacts within a radius of about 3000 meters. The patterns of impact vary, in-dicating that the effective impact depends on how planning authorities address potential countervailing negative externalities.
Topic:: Economics, Sports, and Land
Political Geography:: Europe, Germany, and Berlin

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