Roslagsbanan's effect on property prices
In recent years has attention been turned to health and environmental effects of public transportation. Especially since Infrastrukturpropositionen (1996/97:53) clearly stated an aim of reducing environmental effects caused by public transportation. In the northeast suburbs of Stockholm is the debat...
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| Formato: | First cycle, G2E |
| Lenguaje: | Inglés Inglés |
| Publicado: |
2016
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| Materias: | |
| Acceso en línea: | https://stud.epsilon.slu.se/9415/ |
| Sumario: | In recent years has attention been turned to health and environmental effects of public transportation. Especially since Infrastrukturpropositionen (1996/97:53) clearly stated an aim of reducing environmental effects caused by public transportation. In the northeast suburbs of Stockholm is the debated train Roslagsbanan providing access to and from the city. Besides easy access, Roslagsbanan generates disturbing noise. It reaches a maximum level of 70 dB(A) and equivalent level (average)55 dB(A). Since the train has obvious benefits and costs (in measure of environmental quality) it would be interesting to see the how property-owners actually are affected by it. This study is therefore scrutinising how noise and accessibility to the city affect prices on houses in two suburbs, Täby and Danderyd. The commonly used evaluation method for non-marketable goods, Hedonic price model is applied. Since accessibility and noise can be are regarded as non-marketable characteristics of houses, the hedonic price model approach can be used to estimate implicit prices of these characteristic (when all else held constant). The result for noise was unfortunately not significant. Nevertheless was a relationship between accessibility and house prices depicted. It was shown that the implicit price increased as distance to closest station increased until it reached 1000 meters, then implicit price decreased. To conclude, further research is requested to finally make a general statement about the effect Roslagsbanan has on property prices. |
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