We use a spatio-temporal autoregressive difference-in-differences (SDID) framework to assess the strength of the effect, distributed across space and time, of announcements associated with urban development on house prices. We use a quasi-natural experiment of a large-scale urban redevelopment...

As the transaction price of a comparable property in the local housing market is one the most accessible references for sellers and buyers, a change in a house price may result in spillover effects on future transactions of neighbouring properties. Given the dynamics on the real estate market,...