relation: https://frw.studenttheses.ub.rug.nl/4767/
title: The effect of a new train station on housing prices in rural areas: evidence from Dronten
creator: Luimes, Jesse
description: This paper models the effects of a new train station (light rail) on the housing prices in the (rural) municipality of Dronten, Flevoland. I distinguished two different effects: within 3500m proximity to the station and homes within the Dronten Municipality further away than 3500m from the station. I found that for homes within a 3500m perimeter from the station, the effect of a new train station is a significant decrease of 8%. The effect for homes within the municipality of Dronten further away than 3500m from the station is a significant decrease of 13% in the housing prices, although the parallel trend assumption was violated, leading to a biased estimation. The most important cause of this negative coefficient are the negative externalities associated with a train station. Additionally, it was found in a literature review that people use the train for enjoyment and a sense of independence, but demand increases when the service is reliable. The key recommendation is to replicate this study with different, more homogeneous data to ensure a holding parallel trends assumption.
date: 2024
type: Thesis
type: NonPeerReviewed
format: text
language: en
identifier: https://frw.studenttheses.ub.rug.nl/4767/1/Master-Thesis-RES-Jesse-Luimes-S5730317-Final-Approved.pdf
identifier:   Luimes, Jesse  (2024) The effect of a new train station on housing prices in rural areas: evidence from Dronten.  Master thesis.