CEU Electronic Theses and Dissertations, 2020
| Author | Tordai, Dániel |
|---|---|
| Title | Public Transportation and Flat Prices: the Impact of Accessibility by Metro in Budapest |
| Summary | This thesis considers the effect of that metro stations have on the value of nearby dwellings in Budapest in order to answer the question: is the value increase caused by the metro station is large enough to consider the introduction of value capture policies to fund future public transportation projects? The analysis has two main steps: first the thesis shows that the proximity to the central business district (CBD) of Budapest and to the nearest metro station has no significant relationship with the quality of the flats using a smaller dataset from a real estate advertisement website. In the second step using another, larger dataset containing real transaction values the thesis uses OLS regression to show the effect of nearby metro stations and the effect of on the value of panel dwellings. The results show that an extra minute distance from the nearest metro station has about 0.37% effect on the per square meter price of the flat and an extra minute distance from the CBD has an about 0.94%, and that these effects are large enough to think of the introduction of value capture policies. |
| Supervisor | Békés, Gábor |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2020/tordai_daniel.pdf |
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