Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2023-10-12
Number: 23-059/VIII
Author-Name: Jan Rouwendal
Author-Workplace-Name: Vrije Universiteit Amsterdam
Author-Name: Lynn Bouwknegt
Author-Workplace-Name: Vrije Universiteit Amsterdam
Title: The effect of urban trees on house prices: evidence from cut-down trees in Amsterdam
Abstract: This paper studies the effect of urban trees on house prices in Amsterdam by utilizing a detailed data set of trees that were cut-down near the house. By using exogenous reasons the tree was cut-down such as disease or storm, unobserved heterogeneity can be dealt with, and a causal effect established. We use a staggered difference-in-difference approach to hedonic pricing analysis. We find an effect of 1.19 percent decrease in house prices when a tree is cut-down within 75 meters of the house. The effect is largest when trees within that area are scarce. This provides further evidence that urban trees are a valued aesthetic amenity for home owners and should be treated accordingly. 
Classification-JEL: D62, Q51, R31
Keywords: 
File-URL: https://papers.tinbergen.nl/23059.pdf
File-Format: application/pdf
File-Size: 570.483 bytes
Handle: RePEc:tin:wpaper:20230059