eprintid: 269
rev_number: 1
eprint_status: archive
userid: 1
dir: disk0/00/00/02/69
datestamp: 2020-04-23 05:14:31
lastmod: 2020-04-23 05:14:31
status_changed: 2020-04-23 05:14:31
type: thesis
metadata_visibility: show
creators_name: Koster, J.T.
title: Assessing the Impact of Redevelopment of Railway Stations on House Prices
ispublished: pub
full_text_status: public
abstract: While earlier research on the external effects of railway stations has  mostly been limited to the effects of accessibility improvements, this paper aims to investigate whether external effects arise when railway stations are redeveloped for purposes of renovation and replacement of aged and deteriorated station buildings and their direct surroundings. A hedonic pricing model in the context of a difference-in-difference analysis is applied on a dataset of house sale transactions in the Netherlands. The results show that redevelopment efforts impact house prices positively. Impact differences are found between larger cities with a population of more than 100,000 residents and smaller cities in the dataset. Compared to earlier research on the external effects of either accessibility improvements or revitalization of urban areas and neighborhoods, findings suggest that the effects of redevelopment of railway stations are moderate. The findings add evidence and new insights to existing research on redevelopment and public investments.
date: 2017
date_type: published
thesis_type: master
degree_programme: VG
tutors_name: Liu, X.
tutors_name: Duijn, M. van
keywords_local: hedonic pricing
keywords_local: property value
keywords_local: redevelopment
keywords_local: railway station
language_iso: en
titleorder: Assessing the Impact of Redevelopment of Railway Stations on House Prices
dbi: 59773c3d88414
imported_item: yes
date_of_import: 2020-04-22
imported_from: http://scripties.frw.eldoc.ub.rug.nl/root/ma/VG/2017/jtkoster/
import_source_file: theses-frw-20200422132455-59773c3d88414.xml
date_issued: 2017-01-01
citation:   Koster, J.T.  (2017) Assessing the Impact of Redevelopment of Railway Stations on House Prices.  Master thesis.   
document_url: https://frw.studenttheses.ub.rug.nl/269/1/Master_Thesis_-__Jan-Thijs_Kos_1.pdf