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• W2072922051 abstract "This research sheds light on the relation of bus rapid transit and residential property values within walking distance to the system. The case study was Bogotá’s Transmilenio (Colombia). This research conducted a city-wide econometric hedonic analysis with 2000 to 2004 Department of Housing Control data across different walking distances, subsystems (trunk, feeder), socio-economic strata and time. The main results showed that, with respect to the value of properties in relation to proximity, the housing market places value premiums on the properties in the immediate walking proximity of feeder lines. The analysis by socio-economic strata showed that middle-income properties were valued more if they fell closer to the system, while there were opposite results for low-income housing. Finally, analysis across time reflects slight average annual increases in property values correlated with the implementation of the system in two specific areas analyzed. Throughout the paper, the author acknowledges some of the challenges of using hedonic modeling for property value impact assessments and emphasizes that the interpretation of the results are case specific." @default.
• W2072922051 created "2016-06-24" @default.
• W2072922051 creator A5040523615 @default.
• W2072922051 date "2010-03-01" @default.
• W2072922051 modified "2023-10-11" @default.
• W2072922051 title "Walking accessibility to bus rapid transit: Does it affect property values? The case of Bogotá, Colombia" @default.
• W2072922051 cites W2010383417 @default.
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• W2072922051 doi "https://doi.org/10.1016/j.tranpol.2009.11.002" @default.
• W2072922051 hasPublicationYear "2010" @default.
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