Questions and answers about
the UK economy.

Does Covid-19 affect neighborhood amenity?

This paper studies the impact of Covid-19 on neighborhood amenity by analyzing the effect of confirmed Covid-19 cases on housing prices in China. Home buyers may not choose housing units in neighborhoods that have confirmed Covid-19 cases because of health reasons. This will lead to lower housing prices in these neighborhoods. We use a hedonic model to study a merged dataset with information on housing transactions and infected cases of Covid-19. A difference-in-difference specification is employed to identify the price changes in neighborhoods with confirmed Covid-19 cases relative to the price changes in neighborhoods without any confirmed case. A negative effect of Covid-19 on housing price is expected and this negative effect is likely to diminish in the long run. Households’ willingness to pay to live in a neighborhood without Covid-19 cases can also be calculated.

Lead investigator:

Naqun Huang


Nanjing Audit University

Primary topic:

Prices & interest rates

Region of data collection:

Asia and Oceania

Country of data collection


Status of data collection

In Progress

Type of data being collected:

From private company

Unit of real-time data collection


Start date