Corrigendum to “Combined impacts of highways and light rail transit on residential property values: A spatial hedonic price model for Phoenix, Arizona” [J. Transp. Geogr. Volume 41(2014) pp. 53–62]

2017 ◽  
Vol 60 ◽  
pp. 278-281 ◽  
Author(s):  
Kihwan Seo ◽  
Aaron Golub ◽  
Michael Kuby
Keyword(s):  
Property Values ◽  
Residential Property ◽  
Light Rail ◽  
Hedonic Price Model ◽  
Rail Transit ◽  
Light Rail Transit ◽  
Hedonic Price ◽  
Price Model ◽  
Residential Property Values

scholarly journals The impact of urban light rail transit on double-story terraced property values in the Greater Kuala Lumpur, Malaysia

2021 ◽  
Vol 53 (1) ◽  
Author(s):  
Mohd Faris Dziauddin
Keyword(s):  
Property Values ◽  
Urban Rail Transit ◽  
Urban Region ◽  
Residential Property ◽  
Light Rail ◽  
Rail Transit ◽  
Light Rail Transit ◽  
Kuala Lumpur ◽  
Residential Property Values ◽  
The Impact

Introducing a rail transit system into an urban region is expected to increase land values, and subsequently, residential property values. Despite this general belief, there has been limited research on the impact of proximity to urban light rail transit stations in developing countries setting. This study, therefore, investigates the impact of proximity to urban light rail transit on double-story terraced property values in the Greater Kuala Lumpur, Malaysia, using hedonic pricing model. The findings suggest urban light rail transit has a positive and significant impact on surrounding double-story terraced residential property values – estimated at a premium of 12.3% and 9.8% for properties located up to 1000 m and 1001 – 2000 m to the nearest light rail transit station respectively. The findings of the study are useful for investors and developers, namely to build more houses near urban rail transit infrastructure since they lead to significant appreciation in value.

Light Rail Transit and Property Values in Kitchener–Waterloo

2019 ◽  
Vol 45 (1) ◽  
pp. 32-47
Author(s):  
David R. Johnson ◽  
Joseline Nicholas
Keyword(s):  
Property Values ◽  
Light Rail ◽  
Rail Transit ◽  
Light Rail Transit

scholarly journals Does Pet Policy in a Condominium Building Impact Property Values?

2021 ◽  
Author(s):  
Anita P. Muraleedharan
Keyword(s):  
Property Values ◽  
Impact Property ◽  
Hedonic Price Model ◽  
Price Difference ◽  
Hedonic Price ◽  
Price Model ◽  
Sales Data ◽  
Pet Owners ◽  
Real Price ◽  
Price Differences

Pets are permitted in some condominium buildings and not in others. Pet owners will therefore be attracted more towards buildings that welcome pets than otherwise. However, the pet-related regulations may altogether restrict all sorts of pets, including small pets, such as cats, while others may include restrictions on the number of pets allowed per unit, certain breeds or set restrictions on the permissible size of a pet. These restrictions may impact the price of condominiums. Using a hedonic price model, this research paper analyses whether and by how much allowance for pets in the building impacts property values in downtown Toronto using condominium sales data from January 2016 to December 2017 and information derived from a pet policy questionnaire. The findings suggest that the price differences are not statistically significant between buildings that allow pets or otherwise. In fact, the real price difference is observed for the degree of pet friendliness. Condominium buildings that allow two or more pets sell for higher prices than those that allow less than two pets. Furthermore, condominium buildings that allow two or more dogs sell for a higher price. Also, condominium buildings that impose weight, size or breed restrictions cost 5.7 percent more than those do not have those restrictions. Keywords: hedonic price model, pet policy, condominiums, GIS, Toronto

Impact of Urban Rail Transit on Residential Property Values in Hangzhou

2014 ◽  
Vol 580-583 ◽  
pp. 1306-1310
Author(s):  
Lian Fa Ruan ◽  
Jing Ping Yin
Keyword(s):  
Property Values ◽  
Positive Influence ◽  
Hedonic Pricing ◽  
Urban Rail Transit ◽  
Residential Property ◽  
Rail Transit ◽  
Transit System ◽  
Urban Rail ◽  
Residential Property Values ◽  
The Impact

This research investigates the impact of the first metro line (Line 1) in Hangzhou on its station-area residential property values. A hedonic pricing model shows that Line 1 had a statistically significant and positive effect on residential prices in its operation period. Compared with its construction phase, the impact did not change significantly, indicating that metro rail transit had a long-term positive influence on the station-area property values. These findings suggest that such capitalization is likely to lead to high-density and transportation-oriented development. While planning the urban rail transit system, such impact should be fully considered.

Sign in / Sign up

Export Citation Format

Share Document