Assessing the impacts of urban rail transit on local real estate markets using quasi-experimental comparisons

1993 ◽  
Vol 27 (1) ◽  
pp. 13-22 ◽  
Author(s):  
Robert Cervero ◽  
John Landis
Keyword(s):  
Real Estate ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Real Estate Markets ◽  
Urban Rail ◽  
Quasi Experimental ◽  
Experimental Comparisons

scholarly journals How Does Urban Rail Transit Influence Residential Property Values? Evidence from An Emerging Chinese Megacity

2019 ◽  
Vol 11 (2) ◽  
pp. 534 ◽  
Author(s):  
Dongfang Zhang ◽  
Jingjuan Jiao
Keyword(s):  
Real Estate ◽  
Positive Impact ◽  
Property Values ◽  
Urban Rail Transit ◽  
Residential Property ◽  
Rail Transit ◽  
Data Set ◽  
Real Estate Markets ◽  
Urban Rail ◽  
Residential Property Values

Urban rail transit (URT) plays crucial economic, social, and environmental roles and may generate positive externalities that can influence the residential property values (RPVs) in real estate markets. Little attention has been given to exploring the impacts with respect to both the spatial and temporal perspectives. This paper explores the impacts of URT on the RPVs of 480 gated communities with respect to the spatial and temporal dimensions using the hedonic price model and a panel data set from Zhengzhou for 2012–2016. The results show the following: (1) URT does have a significant positive impact on the RPVs in all the selected years from 2012 to 2016, and the influencing strength was a “U-shape” with the increased travel time to the nearest URT stations in most of the selected years. Specially, there is quite some interaction between the temporal and spatial dimensions. (2) The influencing strength of URT during its early stages of planning and construction was higher than that during the operation periods, which is quite different from previous research that uses these first-tier cities such as Beijing and Shanghai in China. (3) Regarding the operating period, the influencing strength reached its peak point after two years of the URT line operating. The results of this paper could provide some new ideas for policy-makers, real estate developers, and even the consumers in real estate markets.

Mechanism Analysis of the Impact on Chinese Urban Rail Transit Construction on the Surrounding Real Estate Prices

2012 ◽  
Vol 178-181 ◽  
pp. 1866-1869
Author(s):  
Jian Liang Lv ◽  
Ying Jiang
Keyword(s):  
Real Estate ◽  
Land Development ◽  
Value Added ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Mechanism Analysis ◽  
The Real Estate ◽  
Urban Rail ◽  
Real Estate Prices ◽  
The Impact

This paper first studies the real estate prices and and its effecting factors, and point out the construction of urban rail transit effects large on its surrounding real estate prices. Then, the paper clarifies the theoretical basis of its effects, and finally analyzes mechanism that construction of rail transit can make its surrounding real estate value-added. The urban rail transit construction can improve surrounding property accessibility, the residents travel convenient, increasing the intense of land development, changing nature of land use, adjusting industrial layout, accelerating expanded urbanized areas, raising employment opportunities, promoting socio-economic prosperity and development. It provides reference for the reasonable allocation of late-stage value-added benefits, and people can get a comprehensive and systematic understanding of the impact of urban rail transit construction and its surrounding real estate prices.

scholarly journals Study on the Influence of Urban Rail Transit on the Value of Real Estate Based on Information System

2015 ◽  
Vol 9 (1) ◽  
pp. 73-80
Author(s):  
Jiao Lichao
Keyword(s):  
Information System ◽  
Real Estate ◽  
Real Estate Market ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Market Information ◽  
The Real ◽  
The Real Estate ◽  
Urban Rail ◽  
The Impact

Urban rail transit has strong transportation capability, but little environmental pollution. Besides, it also saves land resource. These advantages make the urban rail transit gradually becomes an effective measure to solve city traffic problems. In order to analyze the impact of the scope and extent of urban rail transit on the real estate, this paper first introduces the composition of real estate market information system, explains the process of how the urban rail transit influences the value of real estate by taking the 1st project of line 1 of Zhengzhou urban rail transit in Henan province for example, finds the semi logarithmic model which has the best regression effects with three hedonic price models and the collected data from the real estate market information system, and finally works out the added value of real estate generated by the above urban rail transit.

Research on the Impacts of Zhengzhou Urban Rail Transit to Residential Price

2011 ◽  
Vol 255-260 ◽  
pp. 4119-4122
Author(s):  
Hong Lei Zhao ◽  
Ji Peng Liu ◽  
Yan Fei Sun
Keyword(s):  
Real Estate ◽  
Traffic Congestion ◽  
Quantitative Data ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Important Method ◽  
The Real Estate ◽  
Real Estate Price ◽  
Urban Rail ◽  
Congestion Problems

Urban Rail Transit is an important method of reliving traffic congestion problems of large and medium-sized cities and at the same time brings an increase in real estate price. Based on the relative researches from overseas and China, this paper, taking residential price around the first-stage stations of Zhengzhou Metro Line 1 as the example, by qualitative analysis and quantitative analysis, reveals the different impacting regulations of the Zhengzhou Urban Rail Transit to the residential price along the route. Finally, this paper assesses the price increase of the buildings and obtains the quantitative data, which will be helpful reference to persons of Urban Rail Transit and the real estate business.

Influence of Built Environment on Urban Rail Transit Connection Mode

CICTP 2020 ◽  
2020 ◽  
Author(s):  
Zhao Gao ◽  
Min Yang ◽  
Guoqiang Li ◽  
Jinghua Tai
Keyword(s):  
Built Environment ◽  
Urban Rail Transit ◽  
Rail Transit ◽  
Urban Rail
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