Impact of new motorway on housing prices in rural North-East Slovenia

Dejan Paliska and Samo Drobne

Journal of Transport Geography, 2020, vol. 88, issue C

Abstract: The literature generally agrees that improved accessibility has a positive effect on housing values. The motorway constructions in north-eastern Slovenia, completed between 2002 and 2018, significantly improved the accessibility of less developed areas. In this article, we examine how the new motorway has affected the housing values in the mostly rural north-eastern part of Slovenia. We analysed the distance decay effect of amenities and disamenities of motorway links and ramps as well as bus stops, train stations, and railway links on housing prices. In addition to the transport infrastructure variables, we analysed numerous other structural and environmental variables. We estimated three different spatial hedonic regression models: the spatial autoregression model, the spatial error model, and the spatial autocorrelation model.

Keywords: Spatial hedonic regression; Housing price; Motorway; Rural area; Slovenia (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jotrge:v:88:y:2020:i:c:s0966692319309573

DOI: 10.1016/j.jtrangeo.2020.102831

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