Paauwe, Maurits (2021) Assessing the Effect of Bike Lane Construction on Surrounding Property Values in Paris, France – A Quantitative Approach. Master thesis.
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Abstract
City planners in the French capital city of Paris are implementing an extensive network of bike paths in the city, called the ‘Plan Vélo’. A thorough understanding of the effect of the construction of bike infrastructure on property prices in the city will help planners to better substantiate their bike-friendly interventions and remove opposition. This research uses a difference-in-difference approach to investigate the effects of the construction of bike infrastructure on nearby residential property prices at five locations in Paris, France. Using a dataset of 6,741 observations from 2014 till 2019, the result of this research is that no significant effect of bike lane construction on property prices has been found. This means that Parisian house buyers do not consider nearby bike paths to be important assets when buying a house; bike lane proximity does not result in any difference in the price paid for residential properties after the construction of the bike infrastructure. This insignificant effect was found for both REV and non-REV bike lanes in the city and persisted when moving away from the bike infrastructure. Further research should be carried out to see whether this conclusion sustains over a longer period of time after construction as well.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Liu, X. and Duijn, M. van |
| Date Deposited: | 04 Mar 2021 16:32 |
| Last Modified: | 04 Mar 2021 16:32 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3408 |
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