House prices and land regulation in the Copenhagen area |
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| Authors: | Jørgen Lauridsen Niels Nannerup |
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| Institution: | Department of Business and Economics, Centre of Health Economics and Research (COHERE) , University of Southern Denmark , Odense , Denmark |
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| Abstract: | We analyse house prices from 1992 to 2011 in the metropolitan area of Copenhagen. In line with most other metropolitan areas in Europe, Copenhagen house prices showed solid increases during this period until 2007 when a downturn in prices began. The price gradient from the centre of the metropolis to the outskirts also became steeper over these years. We investigate the influence of land regulation on this development and find indications of an upward pressure on house prices from restrictive land regulation at the municipal as well as the national level. |
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| Keywords: | land regulation planning zoning house prices Copenhagen |
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