%0 Thesis
%9 Master
%A du Croix Timmermans, Daan
%D 2024
%F theses_frw:4673
%P 59
%T The impact of tunnelling existing transport infrastructure on liveability and residential attractiveness: an analysis of property price effects in the Netherlands
%U https://frw.studenttheses.ub.rug.nl/4673/
%X This study investigates the impact of tunnelling existing transportation infrastructure on liveability and residential attractiveness. As urban areas worldwide face increasing pressure on public spaces, underground infrastructure has emerged as a preferred solution to reshape urban environments, mitigate environmental challenges, and enhance the quality of life and public spaces. Utilising a difference-in-difference hedonic regression analysis, the study assesses property price effects around six tunnelling projects in the Netherlands: Gaasperdammertunnel, Koning Willem-Alexandertunnel, Salland-Twentetunnel, Limesaquaduct, Spoortunnel Best, and Kap van Barendrecht. The dataset includes 12,102 residential property transactions between April 1995 and January 2024. The findings indicate a significant positive effect on property prices within 600 metres of the tunnels post-construction, with prices increasing by approximately 16.77%. However, the positive effect diminishes with distance, highlighting the spatial attenuation of these benefits. During the construction phase, no significant anticipation effects were observed. The study further reveals a heterogeneous impact, with urban areas experiencing a more substantial positive effect post-construction compared to suburban and rural regions. This underscores the importance of context-specific planning and policy-making in urban development. The insights provided can guide future infrastructure projects and urban policy decisions, emphasising the value of tunnelling as a strategy for enhancing urban liveability.