Transport Policy Impact on Residential Location

Jae-Hong Kim, Francesca Pagliara and John Preston

International Review of Public Administration, 2004, vol. 9, issue 1, 71-87

Abstract: This study investigates the impacts of transport factors on residential location decisions to assess the extent to which transport policy decisions (road user charging, changes to fuel duties, and the provision of a new public transport system) affect housing markets. This was achieved by undertaking stated preference experiments in the Greater Oxford area in UK. The forecasts of the impact of transport improvements on house prices suggest road user charging might reduce house prices on average by around 2%. A 10% change in fuel duty leads to an average change in house prices of around 3%, but with the direction of change being uniform throughout the study area. It was also found that introducing a new public transport might increase house prices by around 3% on average, with the greatest increases in central Oxford.

Date: 2004
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DOI: 10.1080/12294659.2004.10805040

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