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"One might think that this would disperse prejudices" - construction of new houses, waving the prices of old houses

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Anthony Sullivan
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Construction of residential blocks of flats to increase proximity of owner-occupied housing transaction prices, survives the Tampere University of Technology study.

Construction of new residential blocks of flats to grow close in the 1960s and built in the 1970s block of flats in house prices on average by 2.6 per cent.

For example, blocks of flats was EUR 128 000 vendor should therefore be 3 300 euros more if the neighborhood was built new houses, calculates the doctoral student Antti Kurvinen.

The effect was observed within a radius of about 300 meters from the new high-rise when the construction of new projects was extensive.

"You might think that this information would disperse prejudices related to the densification of the urban fabric, Kurvinen says the university bulletin.

The study was conducted doctoral students Kurvinen Antti and Jaakko Vihola Tampere University of Technology building production and economy in the unit.

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