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Kathleen Kürschner Rauck
Title
Prof. Dr.
Last Name
Kürschner Rauck
First name
Kathleen
Email
kathleen.kuerschner@unisg.ch
ORCID
Phone
+41 71 224 70 57
Now showing
1 - 7 of 7
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PublicationType: journal article
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PublicationLow-emission zones, modes of transport and house prices: evidence from Berlin’s commuter belt.( 2022-06-15)
;Aydin, ErenWe study the impact of a tightening of a private driving restriction in Germany’s capital, the city of Berlin, on house prices in its affluent suburbs. Using geo-referenced data on train stations, motorway access points and offers of single-family houses for sale from Germany’s leading online property broker ImmobilienScout24 in a spatially staggered DiD framework, we find evidence for sizeable price growth premia for houses located in walking distance of train stations that lie within 30 min commuting duration to Berlin main station. Property located in immediate vicinity (5 min walking distance) of train stations within 30–40 min commuting duration, however, face penalties. Our findings are of relevance for the design of public infrastructure planning policies that seek to accommodate and facilitate changes in local demands for alternative and more environmentally sustainable modes of transport induced by private driving restrictions.Type: journal articleJournal: Transportation -
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PublicationDas gestresste Immunsystem der Immobilienmärktereport 02 2022 Das gestresste Immunsystem der Immobilienmärkte Mit Beginn der Covid-19-Pandemie war ein direkter Einfluss auf die Märkte für Gewerbeimmobilien, Wohnliegenschaften sowie Hypotheken spürbar. Ein Autorenteam der Universität St. Gallen zeigt auf, dass das Virus sich als Stresstest auf die als krisenfest geltenden Immobilien ausgewirkt hat. Sie beschreiben milde und schwerere Krisenverläufe der einzelnen Immobilienarten sowie unterschiedliche Zukunftsszenarien.Type: newspaper articleJournal: Absolut ReportVolume: 2022Issue: 2
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PublicationResidential Rent Externalities of Photovoltaic Systems: The Relevance of ViewWe study how photovoltaic (PV) systems externally affect the rents of residential dwellings. By creating a three-dimensional topographical model of our study areas in Switzerland, we model each building’s view at surrounding PV installations and merge this data with rental price observations. In the hedonic difference-in-differences regressions, we provide evidence of how this view (impaired or unimpaired) on a PV system is associated with lower residential rents. This effect is stronger for the view at multiple PV systems rather than at a single one, in situations where seeing is more likely, and where PV installations disrupt a scenic view. However, price penalties are attenuated if rental dwellings have their own PV system or if neighboring properties have large PV systems, which may benefit surrounding tenants in terms of electricity provision. Furthermore, by using municipal voting results on the Swiss Energy Act 2017 and the Swiss CO2 Act in 2021, we show how stated preferences for sustainability drive the external effects of PV systems on rents. We document a similar causal pathway for lived preferences measured by the number and change in electric vehicles in Swiss municipalities.Type: working paperVolume: 23Issue: 100
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PublicationType: working paper
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Publication'Not in my Backyard!' The 2015 Refugee Crisis in GermanyThis paper exploits the sudden mass arrival of refugees to Germany in 2015 to study potential price penalties suffered by residential property in vicinity of refugee reception centers (RRCs). Using novel data on exact locations of publicly-run RRCs in 2014 and 2015 and monthly offers of single-family homes for sale from Germany’s leading online property broker ImmobilienScout24, we find strong evidence in spatial DiD regressions for a sizeable negative effect on house price growth in proximity to such sites. Detached and semi-detached houses located within a 15-minute walking distance of RRCs exhibit, on average, 13 percentage points lower price growth than comparable dwellings beyond this threshold. We corroborate our finding in a battery of robustness tests and additional explorations, including sample restrictions that consider exclusively property on offer for sale within 40 minutes walking distance to RRCs and exogenous variation in the exposure to such sites. ‘Not in my backyard’ (NIMBY) stances among the resident population may explain our finding.Type: working paper