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We study the impact of a tightening of a private driving restriction in Germany’s capital, the city of Berlin, on house prices in its affluent suburbs. Using geo-referenced data on train stations, motorway access points and offers of single-family houses for sale from Germany’s leading online property broker ImmobilienScout24 in a spatially staggered DiD framework, we find evidence for sizeable price growth premia for houses located in walking distance of train stations that lie within 30 min commuting duration to Berlin main station. Property located in immediate vicinity (5 min walking distance) of train stations within 30–40 min commuting duration, however, face penalties. Our findings are of relevance for the design of public infrastructure planning policies that seek to accommodate and facilitate changes in local demands for alternative and more environmentally sustainable modes of transport induced by private driving restrictions.

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ZusammenfassungHamburg erließ Durchfahrverbote für bestimmte Dieselfahrzeuge in stark belasteten Straßenabschnitten mit dem Ziel, die Schadstoffemissionen zu reduzieren. Der Erfolgsnachweis ist schwierig. Relativ kleine Änderungen bezüglich der analysierten Zeiträume, Kontrollgruppen und Kontrollvariablen können zu signifikant unterschiedlichen Ergebnissen führen. Diese Untersuchung ist ein Beispiel für die Schwierigkeit von Ex-post-Evaluierungen politischer Maßnahmen.