Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Capitalization of BRT network expansions effects into prices of non-expansion areas
AbstractA before and after hedonic model is used to determine the property value impacts on properties already served by the transit system caused by extensions to Bogotá’s bus rapid transit system. Asking prices of residential properties belonging to an intervention area (N=1407 before, 1570 after) or a control area (N=267 before, 732 after) and offered for sale between 2001 and 2006 are used to determine capitalization of the enhanced regional access provided by the extension. Properties offered during the year the extension was inaugurated and in subsequent years have asking prices that are between 13% and 14% higher than prices for properties in the control area, after adjusting for structural, neighborhood and regional accessibility characteristics of each property. Furthermore, the appreciation is similar for properties within 500m and properties between 500m and 1km of the BRT.
Capitalization of BRT network expansions effects into prices of non-expansion areas
AbstractA before and after hedonic model is used to determine the property value impacts on properties already served by the transit system caused by extensions to Bogotá’s bus rapid transit system. Asking prices of residential properties belonging to an intervention area (N=1407 before, 1570 after) or a control area (N=267 before, 732 after) and offered for sale between 2001 and 2006 are used to determine capitalization of the enhanced regional access provided by the extension. Properties offered during the year the extension was inaugurated and in subsequent years have asking prices that are between 13% and 14% higher than prices for properties in the control area, after adjusting for structural, neighborhood and regional accessibility characteristics of each property. Furthermore, the appreciation is similar for properties within 500m and properties between 500m and 1km of the BRT.
Capitalization of BRT network expansions effects into prices of non-expansion areas
Rodríguez, Daniel A. (Autor:in) / Mojica, Carlos H. (Autor:in)
Transportation Research Part A: Policy and Practice ; 43 ; 560-571
14.02.2009
12 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Capitalization of BRT network expansions effects into prices of non-expansion areas
| Online Contents | 2009
Capitalization of BRT network expansions effects into prices of non-expansion areas
| Online Contents | 2009