Housing Rent Dynamics and Rent Regulation in St. Petersburg (1880–1917)

Konstantin A. Kholodilin; Leonid E. Limonov; Sofie R. Waltl

doi:10.1016/j.eeh.2021.101398

Housing Rent Dynamics and Rent Regulation in St. Petersburg (1880–1917)

Konstantin A. Kholodilin, Leonid E. Limonov, Sofie R. Waltl

Urban Development & Mobility

Research output: Contribution to journal › Article › peer-review

Abstract

This article studies housing rents in St. Petersburg from 1880 through 1917, covering an eventful period of Russian and world history. Digitizing over 5,000 rental advertisements, we construct a state-of-the-art index – the first pre-war and pre-Soviet market data index for any Russian city. In 1915, a rent control and tenant protection policy was introduced in response to soaring prices following the outbreak of WWI. We document official compliance, rising tenure duration, and strongly increased affordability for workers. While the immediate prelude to the October Revolution was indeed characterized by economic turmoil, rent affordability did not dominate.

Original language	English
Article number	101398
Journal	Explorations in Economic History
Volume	81
Early online date	26 Mar 2021
DOIs	https://doi.org/10.1016/j.eeh.2021.101398
Publication status	Published - Jul 2021

Keywords

Rental Market
October Revolution
Rent Regulation
Intra-Urban Rent Dynamics
Hedonic Rent Price Index
Economic History
Pre-Soviet Russia

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10.1016/j.eeh.2021.101398

Cite this

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title = "Housing Rent Dynamics and Rent Regulation in St. Petersburg (1880–1917)",

abstract = "This article studies housing rents in St. Petersburg from 1880 through 1917, covering an eventful period of Russian and world history. Digitizing over 5,000 rental advertisements, we construct a state-of-the-art index – the first pre-war and pre-Soviet market data index for any Russian city. In 1915, a rent control and tenant protection policy was introduced in response to soaring prices following the outbreak of WWI. We document official compliance, rising tenure duration, and strongly increased affordability for workers. While the immediate prelude to the October Revolution was indeed characterized by economic turmoil, rent affordability did not dominate.",

keywords = "Rental Market, October Revolution, Rent Regulation, Intra-Urban Rent Dynamics, Hedonic Rent Price Index, Economic History, Pre-Soviet Russia",

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AB - This article studies housing rents in St. Petersburg from 1880 through 1917, covering an eventful period of Russian and world history. Digitizing over 5,000 rental advertisements, we construct a state-of-the-art index – the first pre-war and pre-Soviet market data index for any Russian city. In 1915, a rent control and tenant protection policy was introduced in response to soaring prices following the outbreak of WWI. We document official compliance, rising tenure duration, and strongly increased affordability for workers. While the immediate prelude to the October Revolution was indeed characterized by economic turmoil, rent affordability did not dominate.

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KW - Rent Regulation

KW - Intra-Urban Rent Dynamics

KW - Hedonic Rent Price Index

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JO - Explorations in Economic History

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Housing Rent Dynamics and Rent Regulation in St. Petersburg (1880–1917)

Abstract

Keywords

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Other files and links

PETERSBURG: Analyzing Historic Rental Prices in St. Petersburg (1880-1917): Revolutions, World War I and Rent Control

Data Appendix: Housing Rent Dynamics and Rent Regulation in St. Petersburg (1880-1917)