House prices and land regulation in the Copenhagen area

We analyse house prices from 1992 to 2011 in the metropolitan area of Copenhagen. In line with most other metropolitan areas in Europe, Copenhagen house prices showed solid increases during this period until 2007 when a downturn in prices began. The price gradient from the centre of the metropolis t...

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Bibliographic Details
Published in:Journal of property research 2013-09, Vol.30 (3), p.205-220
Main Authors: Lauridsen, Jørgen, Nannerup, Niels, Skak, Morten
Format: Article
Language:English
Subjects:
Copenhagen
house prices
land regulation
planning
Prices
zoning
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Summary:We analyse house prices from 1992 to 2011 in the metropolitan area of Copenhagen. In line with most other metropolitan areas in Europe, Copenhagen house prices showed solid increases during this period until 2007 when a downturn in prices began. The price gradient from the centre of the metropolis to the outskirts also became steeper over these years. We investigate the influence of land regulation on this development and find indications of an upward pressure on house prices from restrictive land regulation at the municipal as well as the national level.
ISSN:0959-9916
1466-4453
DOI:10.1080/09599916.2013.791340