Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw

Authors

  • Marcin Torzewski University of Warsaw

DOI:

https://doi.org/10.18757/ejtir.2020.20.2.3979

Abstract

This paper identifies the relation between metro proximity and the prices of residential properties in Warsaw. The analysis is based on 2006-2013 AMRON-SARFiN data. The results show that metro has a positive impact on property prices if it is located at most 1.5 km from the property. The greatest increase in price of 8-13 per cent is observed when metro is located 400-800 meters from the property. The results indicate that when the metro transportation is poor, it causes a large increase in property prices, which is not comparable to the impact of other transports, such as bus or tram.

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Published

2020-07-10

How to Cite

Torzewski, M. (2020). Public transport accessibility and the prices of nearby properties: the case of the first metro line in Warsaw. European Journal of Transport and Infrastructure Research, 20(2), 41-59. https://doi.org/10.18757/ejtir.2020.20.2.3979

Issue

Section

Articles