 COVID-19 and the demand for transit access: Residential real estate prices in the Tokyo metropolitan areaAndrew Schouten and Yoh Kawano Journal of Transport Geography, 2024, vol. 114, issue C Abstract: To better understand the spatial implications of the COVID-19 pandemic on demand for both housing and transportation, this analysis examines sales price data from condominiums in the Tokyo metropolitan area. Demand for high-access condominiums—both those near transit stations and those in close proximity to the city center—was strong throughout the study period (2017–2022), and showed neither a positive nor negative association with the onset of the pandemic. Price growth for lower-access properties—those further from transit stations and those in peripheral suburban locations—was, by contrast, far more robust during the COVID era than in the pre-pandemic period. Results suggest that COVID-related changes in travel behavior—particularly the decreased commute burden associated with remote work—may have made lower-access locations more attractive to home buyers. This has not, however, tempered demand for properties near transit and in the central city, which remained strong throughout the pandemic period. Keywords: Transit access; COVID-19 pandemic; Real estate demand (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jotrge:v:114:y:2024:i:c:s0966692323002144 DOI: 10.1016/j.jtrangeo.2023.103742 Access Statistics for this article Journal of Transport Geography is currently edited by Frank Witlox More articles in Journal of Transport Geography from Elsevier |
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