Answers are grounded in this paper and cite their sources.
Using Shanghai rapid transit line 8 as an example and hedonic price models, this article explores the impact of urban rapid transit on house prices. It is concluded that the urban rapid transit has a significant incremental effect on prices of houses located within 1.5 km terms of a station. However, each station has a different impact in both range and intensity. In addition, house prices increase most rapidly in years when the rapid transit system starts to build its operation and decrease slightly in the middle of construction.
No takes yet. Share an insight, caveat, or question.
Lin Wang (2010) studied this question.
Synapse has enriched 10 related papers. Consider them for comparative context: