Spatial and time effect of subway on property prices

Radosław Trojanek , Michał Głuszak

Abstract

The paper analyzes both spatial and time effects of subway availability on apartment prices in Warsaw, the only city in Poland with rapid urban transit system. The research is based on a data set of 34,274 geo-coded apartment transactions for the years 2008–2015 in Warsaw. For data analysis the hedonic method was used in OLS, SAR, SEM and SGM models. Additionally we used DiD approach to address potential endogeneity. We found strong evidence that the new subway line (M2) in Warsaw influenced apartment prices even before it was completed. We observed a steady price premium adjustment process related to the new subway line. The findings confirm our hypothesis and are in line with previous research carried out in other parts of the world.
Author Radosław Trojanek (WZ / KM)
Radosław Trojanek,,
- Department of Microeconomics
, Michał Głuszak - Uniwersytet Ekonomiczny w Krakowie
Michał Głuszak,,
-
Journal seriesJournal of Housing and the Built Environment, ISSN 1566-4910, (A 20 pkt)
Issue year2018
Vol33
No2
Pages1-26
Publication size in sheets1.25
Keywords in EnglishHousing market, Hedonic methods, Subway, Property prices
ASJC Classification3305 Geography, Planning and Development; 3322 Urban Studies
DOIDOI:10.1007/s10901-017-9569-y
URL https://link.springer.com/article/10.1007/s10901-017-9569-y
Languageen angielski
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 24-03-2020, ArticleFromJournal
Publication indicators WoS Citations = 9; Scopus SNIP (Source Normalised Impact per Paper): 2018 = 1.036; WoS Impact Factor: 2017 = 1.329 (2) - 2017=1.379 (5)
Citation count*25 (2020-09-21)
Additional fields
UwagiFirst Online: 20 October 2017
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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