Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw
This paper identifies the relation between metro proximity and the prices of residential properties in Warsaw. The analysis is based on 2006-2013 AMRON-SARFiN data. The results show that metro has a positive impact on property prices if it is located at most 1.5 km from the property. The greatest in...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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TU Delft OPEN Publishing
2020-07-01
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| Series: | European Journal of Transport and Infrastructure Research |
| Online Access: | https://journals.open.tudelft.nl/ejtir/article/view/3979 |
| _version_ | 1797423276635455488 |
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| author | Marcin Torzewski |
| author_facet | Marcin Torzewski |
| author_sort | Marcin Torzewski |
| collection | DOAJ |
| description | This paper identifies the relation between metro proximity and the prices of residential properties in Warsaw. The analysis is based on 2006-2013 AMRON-SARFiN data. The results show that metro has a positive impact on property prices if it is located at most 1.5 km from the property. The greatest increase in price of 8-13 per cent is observed when metro is located 400-800 meters from the property. The results indicate that when the metro transportation is poor, it causes a large increase in property prices, which is not comparable to the impact of other transports, such as bus or tram. |
| first_indexed | 2024-03-09T07:44:11Z |
| format | Article |
| id | doaj.art-381b39b258404df18d68a68c2a263dae |
| institution | Directory Open Access Journal |
| issn | 1567-7141 |
| language | English |
| last_indexed | 2024-03-09T07:44:11Z |
| publishDate | 2020-07-01 |
| publisher | TU Delft OPEN Publishing |
| record_format | Article |
| series | European Journal of Transport and Infrastructure Research |
| spelling | doaj.art-381b39b258404df18d68a68c2a263dae2023-12-03T03:47:22ZengTU Delft OPEN PublishingEuropean Journal of Transport and Infrastructure Research1567-71412020-07-01202415910.18757/ejtir.2020.20.2.39793515Public transport accessibility and the prices of nearby properties: the case of the first metro line in WarsawMarcin Torzewski0University of WarsawThis paper identifies the relation between metro proximity and the prices of residential properties in Warsaw. The analysis is based on 2006-2013 AMRON-SARFiN data. The results show that metro has a positive impact on property prices if it is located at most 1.5 km from the property. The greatest increase in price of 8-13 per cent is observed when metro is located 400-800 meters from the property. The results indicate that when the metro transportation is poor, it causes a large increase in property prices, which is not comparable to the impact of other transports, such as bus or tram.https://journals.open.tudelft.nl/ejtir/article/view/3979 |
| spellingShingle | Marcin Torzewski Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw European Journal of Transport and Infrastructure Research |
| title | Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw |
| title_full | Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw |
| title_fullStr | Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw |
| title_full_unstemmed | Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw |
| title_short | Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw |
| title_sort | public transport accessibility and the prices of nearby properties the case of the first metro line in warsaw |
| url | https://journals.open.tudelft.nl/ejtir/article/view/3979 |
| work_keys_str_mv | AT marcintorzewski publictransportaccessibilityandthepricesofnearbypropertiesthecaseofthefirstmetrolineinwarsaw |