Nonlinear Rail Accessibility and Road Spatial Pattern Effects on House Prices

Kaida Chen, Hanliang Lin, Lingyun Liao, Yichen Lu, Yen-Jong Chen, Zehua Lin, Linxi Teng, Aifang Weng and Tianqi Fu
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Kaida Chen: Department of Urban Planning, National Cheng Kung University, Tainan 70101, Taiwan
Hanliang Lin: Department of Urban Planning, National Cheng Kung University, Tainan 70101, Taiwan
Lingyun Liao: College of Arts &College of Landscape Architecture, Fujian Agriculture and Forestry University, Fuzhou 350002, China
Yichen Lu: College of Arts &College of Landscape Architecture, Fujian Agriculture and Forestry University, Fuzhou 350002, China
Yen-Jong Chen: Department of Urban Planning, National Cheng Kung University, Tainan 70101, Taiwan
Zehua Lin: College of Arts &College of Landscape Architecture, Fujian Agriculture and Forestry University, Fuzhou 350002, China
Linxi Teng: College of Arts &College of Landscape Architecture, Fujian Agriculture and Forestry University, Fuzhou 350002, China
Aifang Weng: College of Arts &College of Landscape Architecture, Fujian Agriculture and Forestry University, Fuzhou 350002, China
Tianqi Fu: College of Arts &College of Landscape Architecture, Fujian Agriculture and Forestry University, Fuzhou 350002, China

Sustainability, 2022, vol. 14, issue 8, 1-24

Abstract: The continuous change process in the impact of differences in public transport accessibility has not been explained specifically in previous studies. This study reveals that the interaction between two continuous explanatory variables has a significant impact on the explained variable in the hedonic model. The study takes the accessibility variable in the house price model as an instance, dividing the accessibility variable of the residential community into two parts. The first part is the rail accessibility defined by the Euclidean distance from the residential community to the nearest rail transportation station. The second part is the road accessibility defined by two Space Syntax indicators, connectivity and carrying capacity, according to the spatial pattern of the road network. As demonstrated by the spatial interactive regression model, this research finds that road connectivity has a significant regulating effect on the impact of the distance to the closest rail station on house prices based on the empirical evidence from Fuzhou, China.

Keywords: house price; transportation accessibility; space syntax; hedonic models; spatial interactive regression model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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