The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples
A hedonic model for estimating the effects of transit systems on real estate values is specified and calibrated for the city of Naples. The model is used to estimate the external benefits concerning property values which may be attributed to the Naples metro at the present time and in two future sce...
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| Format: | Article |
| Language: | English |
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Wiley
2018-01-01
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| Series: | Journal of Advanced Transportation |
| Online Access: | http://dx.doi.org/10.1155/2018/1767149 |
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| _version_ | 1832557002206740480 |
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| author | Mariano Gallo |
| author_facet | Mariano Gallo |
| author_sort | Mariano Gallo |
| collection | DOAJ |
| description | A hedonic model for estimating the effects of transit systems on real estate values is specified and calibrated for the city of Naples. The model is used to estimate the external benefits concerning property values which may be attributed to the Naples metro at the present time and in two future scenarios. The results show that only high-frequency metro lines have appreciable effects on real estate values, while low-frequency metro lines and bus lines produce no significant impacts. Our results show that the impacts on real estate values of the metro system in Naples are significant, with corresponding external benefits estimated at about 7.2 billion euros or about 8.5% of the total value of real estate assets. |
| format | Article |
| id | doaj-art-0574048d777f4f56bb1de90ffa556b90 |
| institution | Kabale University |
| issn | 0197-6729 2042-3195 |
| language | English |
| publishDate | 2018-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Journal of Advanced Transportation |
| spelling | doaj-art-0574048d777f4f56bb1de90ffa556b902025-02-03T05:43:48ZengWileyJournal of Advanced Transportation0197-67292042-31952018-01-01201810.1155/2018/17671491767149The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of NaplesMariano Gallo0Dipartimento di Ingegneria, Università del Sannio, Piazza Roma 21, 82100 Benevento, ItalyA hedonic model for estimating the effects of transit systems on real estate values is specified and calibrated for the city of Naples. The model is used to estimate the external benefits concerning property values which may be attributed to the Naples metro at the present time and in two future scenarios. The results show that only high-frequency metro lines have appreciable effects on real estate values, while low-frequency metro lines and bus lines produce no significant impacts. Our results show that the impacts on real estate values of the metro system in Naples are significant, with corresponding external benefits estimated at about 7.2 billion euros or about 8.5% of the total value of real estate assets.http://dx.doi.org/10.1155/2018/1767149 |
| spellingShingle | Mariano Gallo The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples Journal of Advanced Transportation |
| title | The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples |
| title_full | The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples |
| title_fullStr | The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples |
| title_full_unstemmed | The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples |
| title_short | The Impact of Urban Transit Systems on Property Values: A Model and Some Evidences from the City of Naples |
| title_sort | impact of urban transit systems on property values a model and some evidences from the city of naples |
| url | http://dx.doi.org/10.1155/2018/1767149 |
| work_keys_str_mv | AT marianogallo theimpactofurbantransitsystemsonpropertyvaluesamodelandsomeevidencesfromthecityofnaples AT marianogallo impactofurbantransitsystemsonpropertyvaluesamodelandsomeevidencesfromthecityofnaples |