Policy Impact and House Price Development at the Neighbourhood-levela Comparison of Four Urban Regeneration Areas using the Concept of Artificial Value Creation

Urban planning measures and restructuring policies tend to cause unintended increases in house prices. The study compares urban renewal areas with respect to such policy impact on housing and neighbourhood quality and house prices in two city-contexts: Amsterdam and Budapest. It shows how four neighbourhoods that have been subject to various forms of urban regeneration differ in their trajectories of house price development. The results tie with well-documented, mostly Anglo-American experiences of related phenomena such as New Urbanism, Neo-traditional communities and gentrification. Furthermore, the study merges two research objectives that often are seen as incompatible: housing markets and urban regeneration.