Impact of tramline construction on real estate value Cover Image

Wpływ budowy linii tramwajowej na wartość nieruchomości mieszkaniowych
Impact of tramline construction on real estate value

Author(s): Kamil Maciuk, Paweł Biskup
Subject(s): Economy, Geography, Regional studies, Rural and urban sociology
Published by: EUROREG - Uniwersytet Warszawski, Regional Studies Association - Sekcja Polska
Keywords: tramline; investment; real estate valuation

Summary/Abstract: In the study, the impact of tramline construction on changes of apartment prices was investigated. The object of study was Podgórze, i.e. district XIII of Kraków, where a tramline towards Mały Płaszów was built in 2010. The authors used the base of transaction prices from 2008-2013 for apartments located within 500 m of the newly built tramline. Statistical analysis using the multiple regression model showed a 91% coefficient of price determination by the adopted attributes. It was shown that the „communication/transport” attribute explains 27.8% of property values, which gives the average real estate price increase by over PLN 600 per sq. m calculated per unit price after the construction of the new tramline.

  • Issue Year: 18/2017
  • Issue No: 70
  • Page Range: 120-140
  • Page Count: 21
  • Language: English, Polish