Urban villages and housing values in China

Yan Song, Yves Zenou

Research output: Contribution to journalArticleResearchpeer-review

53 Citations (Scopus)

Abstract

The presence of urban villages is a unique product of China s urbanization. In this article, we explore the effects of urban villages on the formal housing market. For this purpose, we develop a hedonic housing price model to investigate whether the proximity to urban villages affects the selling price of urban housing units. Controlling for the structure and other characteristics of urban housing units, we find that housing prices are lower the closer the buildings are from urban villages. We then carry out a survey of households living nearby and explore how they are affected by urban villages. The results indicate that there are both positive and negative effects associated with these villages.
Original languageEnglish
Pages (from-to)495 - 505
Number of pages11
JournalRegional Science and Urban Economics
Volume42
Issue number3
DOIs
Publication statusPublished - 2012
Externally publishedYes

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