Does a Nearby Murder Affect Housing Prices and Rents? The Case of Sydney

被引：9
|
作者：
Klimova, Anastasia [1 ]
Lee, Adrian D. [2 ]
机构：
[1] Univ Technol Sydney, Econ Discipline Grp, Sydney, NSW 2000, Australia
[2] Univ Technol Sydney, Finance Discipline Grp, Sydney, NSW 2000, Australia
来源：
ECONOMIC RECORD | 2014年 / 90卷
关键词：
D O I：
10.1111/1475-4932.12118
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We measure the impact of murders on prices and rents of homes in Sydney. We find that housing prices fall by 3.9 per cent for homes within 0.2miles of the murder in the year following the murder, and weaker results in the second year after a murder. We do not find any effects of murders on rents. Higher media coverage and being located closer to the murder (within 0.1mile) have no additional effect on prices. Taken together, our findings suggest that proximity to a murder affects nearby property prices, particularly in the first year after the incident.
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页码：16 / 40
页数：25
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