Train stations’ impact on housing prices: Direct and indirect effects

Alexandra Rojas

Transportation Research Part A: Policy and Practice, 2024, vol. 181, issue C

Abstract: Investments in rail are usually expected to improve accessibility for individuals. The value of the additional accessibility is often measured by the impact on housing prices nearby. This paper analyses the City Tunnel in Southern Sweden, a major railway investment that resulted in two new train stations in 2010: the Triangeln and Hyllie train stations. A station may affect housing prices both directly and indirectly. Direct effects are the transport-related benefits (e.g., improved accessibility), while indirect effects are additional non-transportation investments that the new station attracted to the area. The direct and indirect effects generate together the total effect on housing prices. To accurately estimate the value of the accessibility provided by the new stations it is necessary to disentangle the two effects.

Keywords: Railway station; Public transit; Housing prices; Difference-in-differences; Hedonic model (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1016/j.tra.2024.103979

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