Abstract
This study aims to determine the magnitude and nature of the impact of public urban transport accessibility on the value of residential properties in Poznań. The study was based on 2561 residential transactions completed within the study area in 2020. The input data obtained from the Board of Geodesy and Municipal Cadastre “GEOPOZ” were analysed statistically and spatially. The main part of both the spatial and the statistical analysis was performed using the hedonic pricing method (HPM)-OLS (ordinary least squares) and WLS (weighted least squares). The use of statistical tools enabled the finding of evidence to prove that the convenient accessibility of trams is positively related to housing prices. This has also been confirmed by previous research works conducted in other parts of the world. However, the collected data did not enable the identification of statistically significant relationships between housing prices and the distance from bus stops. The study also attempts to use spatial choropleth maps to clearly illustrate the mechanisms within the local housing market.
Highlights
Due to their specificity, perform a basic function that is necessary for the business, economic, and social development of large urban centres [1]
It should be noted that the development of the public transport sector leads directly to a reduction in the environmental impact of the transport sector, i.a., because almost 20% of CO2 emissions comes from road traffic [6,7]
The attribute related to the accessibility of the transport infrastructure in terms of the property market analyses has been a factor gaining in importance in recent years and has become the subject of many research works [13,14,15,16,17,18]
Summary
Public transport directly affects both the reduction in traffic congestion and the quality of life of local communities. It reduces social differences resulting from mobility constraints on a part of the population. An important role of urban transport should be to bridge social divides [2,3,4]. Factors such as mobility and the widespread accessibility of urban public transport affect numerous aspects of daily life, and social interactions contribute significantly to the inclusion of people with reduced mobility such as, i.a., the elderly [5]. The attribute related to the accessibility of the transport infrastructure in terms of the property market analyses has been a factor gaining in importance in recent years and has become the subject of many research works [13,14,15,16,17,18]
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