Download presentation
Presentation is loading. Please wait.
Published byBryan Holt Modified over 8 years ago
1
The economics of style The price effect of neo-traditional architecture in residential real estate Edwin Buitelaar & Frans Schilder Amsterdam School of Real Estate PBL Netherlands Environmental Assessment Agency
2
Motivation International proliferation of neo-traditional architecture Reports in popular press (popularity of 1930s in NL) Neo-traditional architecture praised and ridiculed
3
Relation to existing literature Style, through vintage, as control Heritage, star architects Office buildings (architects, not style)
4
No studies on style Style, vintage, age, maintenance, obsolescense Style can be reproduced Dutch ‘show case’: VINEX
5
Vinex Large, national scale plan for urban development From ‘growth cores’ to compact cities Decentralization of construction plans
9
Housing supply (in Vinex) Large construction sites, land often owned by municipality Plans created by municipality and builders jointly Construction starts when 70+ % sold Public and private role municipality
10
Price ‘premium’ Construction costs Sorting Supply restrictions
11
Results
14
Conclusion Significant price premium for neo-traditional architecture Most likely as a result of stringent planning (but apparently people do value style)
Similar presentations
© 2024 SlidePlayer.com Inc.
All rights reserved.