 The impact of metro accessibility on residential property values: An empirical analysisResearch in Transportation Economics, 2018, vol. 70, issue C, 52-56 Abstract: This paper investigates the influence of metro accessibility on Xi'an residential property values. The key finding is that proximity to metro stations tends to have a positive but nonlinear effect. Within two-kilometre road network distances from metro stations, property value uplift is lowest in areas immediately adjacent to metro stations, explained by negative externalities around metro stations outweighing accessibility gains. The highest effect is revealed at distances between 300 and 1200 metres away from stations. Other significant influences include the distance to the central business district, the size of the property, the age of the property, interior decoration, residential building type and geographical location. The evidence suggests that the catchment area size should be adjusted according to access mode shares. Policy implications are also provided for potential future decision making. Keywords: Residential property values; Value uplift; Metro accessibility; Network distance; Proximity to metro; Public transport; Transit; Property value increase; Metro stations (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:retrec:v:70:y:2018:i:c:p:52-56 Ordering information: This journal article can be ordered from DOI: 10.1016/j.retrec.2018.07.006 Access Statistics for this article Research in Transportation Economics is currently edited by M. Dresner More articles in Research in Transportation Economics from Elsevier |
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