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Unbundling curbside parking costs from housing prices

Bakış, Ozan and İnci, Eren and Şentürk, Rıfat Ozan (2019) Unbundling curbside parking costs from housing prices. Journal of Economic Geography, 19 (1). pp. 89-119. ISSN 1468-2702 (Print) 1468-2710 (Online)

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Official URL: http://dx.doi.org/10.1093/jeg/lby003

Abstract

This article empirically shows that at least some of the costs of curbside parking spaces are capitalized in housing prices even though these parking spaces are not formally bundled with housing units. Making use of Istanbul’s transition from free and informal curbside parking to paid and formal, we find that housing prices decreased substantially in response to city operated curbside parking, whereas rents remained statistically the same or, at best, decreased only very slightly.

Item Type:Article
Uncontrolled Keywords:Parking; housing prices; rents
Subjects:UNSPECIFIED
ID Code:36830
Deposited By:Eren İnci
Deposited On:11 Feb 2019 14:58
Last Modified:22 May 2019 14:13

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