THE EFFECTS OF THE BANKING BRANCH AS A REAL ESTATE MARKET AMENITY
This work aims to control the effects of closing a bank branch on the prices of residential and commercial properties in its neighborhood. An empirical analysis is performed for the city of São Paulo in the period between the years 2014 and 2019, through the methods of the differences in differences models with the hedonic prices, using data built from a base of active bank branches and listings from real estate portals. Preliminary results indicate that the closing of a bank branch has a positive effect on the price of residential and commercial properties in the neighborhood. However, these results lose statistical significance when estimated with standard error clustered by bank branch.