TY  - THES
Y1  - 2018///
ID  - theses_frw54
A1  - Dengg, Stephanie
M1  - master
UR  - https://frw.studenttheses.ub.rug.nl/54/
AV  - public
TI  - How a Metro Development Project Affects Land Values - Evidence from Vienna
N2  - Plots of land have become a popular alternative investment because of the simplicity of its transaction as well as its ever-increasing demand. Thus, the purpose of this paper is to investigate the impact of a metro development project on land values. This is done by applying a hedonic price model in a difference-in-difference approach. By means of this model, the price of a plot of land can be explained by a function of its attributes, such as the zoning designation, the plot area, its location and time of transaction. The results show a positive effect of a plot of land being located in the vicinity of a metro station up until a distance of approximately 370 metres. Due to the fact that this paper sheds light on the importance of metro developments on land values, the findings might be relevant for real estate developers, who rely on land price speculations.
ER  -