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- W564654490 abstract "It is often assumed that proximity to transport infrastructure plays an important role in influencing where many people choose to live. During the last decade a period of unprecedented activity has taken place in the housing market, with both house prices and rents increasing rapidly in most countries in the EU. It may be expected that properties with good access to transport infrastructure, including light rail services, will have experienced greater increases in value than identical properties with inferior access. At this moment in time, however, little evidence exists on which to base estimates of the likely ‘land value uplift’ that transport adds to individual properties, though analysis has been made as to the benefits accruing to land value for heavy rail schemes in London. It is therefore difficult to fully estimate the housing and property impacts of new infrastructure in conventional transport scheme appraisal, particularly for the mode of Light Rapid Transit (LRT). This paper seeks to go some way towards bridging this knowledge gap for LRT by investigating the propensity of house buyers and renters to pay more for properties based on the relative accessibility of light rail services, based upon the use of stated preference techniques. It is believed that the conclusions argue in favor of the levering of development-related funding for major public transport schemes." @default.
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- W564654490 date "2009-01-01" @default.
- W564654490 modified "2023-09-28" @default.
- W564654490 title "Estimating the Land Value Uplifts Resulting from Rapid Transit - A Stated Preference Approach" @default.
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