Urban renewal areas are popular instruments in spatial planning to prevent urban decline and to induce urban renewal …. 22 renewal areas were implemented in Berlin, Germany alone between 1993 and 1995, mainly to increase housing and living … there is evidence for significant improvements in the quality of the housing stock and increases in property prices in the …

increase housing and living quality in the aftermath of the city s division during the Cold War period. Our results suggest … within the targeted areas that the policy has helped reduce (increase) the number of buildings in poor (good) condition by 25 …% (10%). Property prices increased at an annual rate of 0.4-1.8%. However, evidence is weak at best for positive housing …