Abstract
The present study investigates the effect of urban rail on the market prices of residential properties, considering train proximity as both a source of improved access and a local disamenity. For the analysis, 926 housing sales in the city of Haifa, Israel were used. The analysis indicates a relatively narrow buffer zone near train tracks (about 50-100-meters wide) that "absorbs" about 13% of price decline. Beyond this zone, apartment prices rise to their "peaks" at approximately 100-150 meters from the train tracks, and then decline by an average of 0.7% for each additional 100-meter increase in the train line distance.
| Original language | English |
|---|---|
| Pages (from-to) | 371-395 |
| Number of pages | 25 |
| Journal | Journal of Real Estate Research |
| Volume | 31 |
| Issue number | 4 |
| State | Published - 2009 |
ASJC Scopus subject areas
- Business, Management and Accounting (miscellaneous)
- Finance
- Urban Studies
- Economics, Econometrics and Finance (miscellaneous)
