du Croix Timmermans, Daan (2024) The impact of tunnelling existing transport infrastructure on liveability and residential attractiveness: an analysis of property price effects in the Netherlands. Master thesis.
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Abstract
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.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Kuiper, N.M. |
| Date Deposited: | 25 Jul 2024 11:29 |
| Last Modified: | 25 Jul 2024 11:29 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4673 |
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