Unbundling curbside parking costs from housing prices

Ozan Bakis; Eren Inci; Rifat Ozan Senturk

doi:10.1093/jeg/lby003

Unbundling curbside parking costs from housing prices

Ozan Bakis, Eren Inci, Rifat Ozan Senturk

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

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.

Original language	English
Pages (from-to)	89-119
Number of pages	31
Journal	Journal of Economic Geography
Volume	19
Issue number	1
DOIs	https://doi.org/10.1093/jeg/lby003
Publication status	Published - 1 Jan 2019
Externally published	Yes

Keywords

Parking
housing prices
rents

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1093/jeg/lby003

Cite this

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N2 - 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.

AB - 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.

KW - Parking

KW - housing prices

KW - rents

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Unbundling curbside parking costs from housing prices

Abstract

Keywords

UN SDGs

Access to Document

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