The impact of ‘studentification’ on the rental housing market

Mira G. Baron, Sigal Kaplan

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

Abstract

The process of ‘studentification’ of neighbourhoods within metropolitan areas raises issues regarding the impact of student influx on contemporary urban development, since the impacts of the process itself on the urban environment are contradicting and their net effects are hardly assessed. The current study focuses on the influence of student influx on rent prices in the private rental sector in a core city of a medium-size metropolitan area. Specifically, the impact of ‘studentification’ on rent prices is evaluated by hedonic price analysis. Data were collected from on-line real-estate portals by recording rental apartment advertisements, and consist of apartments characterized by more than a dozen attributes including rent price, neighbourhood, structural features, and electrical appliances. In order to investigate the impact of ‘studentification’, the advertisements were extracted for two neighbourhoods that are similar in all their characteristics, apart from their level of ‘studentification’. The results indicate that the impact of a higher ‘studentification’ level on the rent price is negative and significant.
Keyword: rental housing market, private rental sector, ‘studentification’, hedonic price analysis
Original languageEnglish
Title of host publicationThe 50th Anniversary European Congress of the Regional Science Association International
PublisherRegional Science Association International
Publication date2010
Publication statusPublished - 2010
Externally publishedYes
Event50th Anniversary European Congress of the Regional Science Association International: Sustainable Regional Growth and Development in the Creative Knowledge Economy - Jönköping, Sweden
Duration: 19 Aug 201023 Aug 2010
Conference number: 50
http://www.ersa.org/summer-school/past-congresses/ersa-2010/2010-ersa-congress-jonkoping/

Conference

Conference50th Anniversary European Congress of the Regional Science Association International
Number50
CountrySweden
CityJönköping
Period19/08/201023/08/2010
Internet address

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