The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland
This study aims to determine the magnitude and nature of the impact of public urban transport accessibility on the value of residential properties in Poznań. The study was based on 2561 residential transactions completed within the study area in 2020. The input data obtained from the Board of Geodes...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-01-01
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| Series: | ISPRS International Journal of Geo-Information |
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| Online Access: | https://www.mdpi.com/2220-9964/11/2/74 |
| _version_ | 1797479424606601216 |
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| author | Cyprian Chwiałkowski Adam Zydroń |
| author_facet | Cyprian Chwiałkowski Adam Zydroń |
| author_sort | Cyprian Chwiałkowski |
| collection | DOAJ |
| description | This study aims to determine the magnitude and nature of the impact of public urban transport accessibility on the value of residential properties in Poznań. The study was based on 2561 residential transactions completed within the study area in 2020. The input data obtained from the Board of Geodesy and Municipal Cadastre “GEOPOZ” were analysed statistically and spatially. The main part of both the spatial and the statistical analysis was performed using the hedonic pricing method (HPM)-OLS (ordinary least squares) and WLS (weighted least squares). The use of statistical tools enabled the finding of evidence to prove that the convenient accessibility of trams is positively related to housing prices. This has also been confirmed by previous research works conducted in other parts of the world. However, the collected data did not enable the identification of statistically significant relationships between housing prices and the distance from bus stops. The study also attempts to use spatial choropleth maps to clearly illustrate the mechanisms within the local housing market. |
| first_indexed | 2024-03-09T21:46:36Z |
| format | Article |
| id | doaj.art-0d8f1ac21c034a6788fdf48c6ba51c14 |
| institution | Directory Open Access Journal |
| issn | 2220-9964 |
| language | English |
| last_indexed | 2024-03-09T21:46:36Z |
| publishDate | 2022-01-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | ISPRS International Journal of Geo-Information |
| spelling | doaj.art-0d8f1ac21c034a6788fdf48c6ba51c142023-11-23T20:15:18ZengMDPI AGISPRS International Journal of Geo-Information2220-99642022-01-011127410.3390/ijgi11020074The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, PolandCyprian Chwiałkowski0Adam Zydroń1Department of Land Improvement, Environmental Development and Spatial Management, Poznań University of Life Sciences, 60-649 Poznań, PolandDepartment of Land Improvement, Environmental Development and Spatial Management, Poznań University of Life Sciences, 60-649 Poznań, PolandThis study aims to determine the magnitude and nature of the impact of public urban transport accessibility on the value of residential properties in Poznań. The study was based on 2561 residential transactions completed within the study area in 2020. The input data obtained from the Board of Geodesy and Municipal Cadastre “GEOPOZ” were analysed statistically and spatially. The main part of both the spatial and the statistical analysis was performed using the hedonic pricing method (HPM)-OLS (ordinary least squares) and WLS (weighted least squares). The use of statistical tools enabled the finding of evidence to prove that the convenient accessibility of trams is positively related to housing prices. This has also been confirmed by previous research works conducted in other parts of the world. However, the collected data did not enable the identification of statistically significant relationships between housing prices and the distance from bus stops. The study also attempts to use spatial choropleth maps to clearly illustrate the mechanisms within the local housing market.https://www.mdpi.com/2220-9964/11/2/74hedonic regressionproperty marketpublic transportprice map |
| spellingShingle | Cyprian Chwiałkowski Adam Zydroń The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland ISPRS International Journal of Geo-Information hedonic regression property market public transport price map |
| title | The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland |
| title_full | The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland |
| title_fullStr | The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland |
| title_full_unstemmed | The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland |
| title_short | The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland |
| title_sort | impact of urban public transport on residential transaction prices a case study of poznan poland |
| topic | hedonic regression property market public transport price map |
| url | https://www.mdpi.com/2220-9964/11/2/74 |
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