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The impact of Hudson-Bergen Light Rail on residential property appreciation

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  • Kyeongsu Kim
  • Michael L. Lahr

Abstract

type="main" xml:lang="es"> Este artículo analiza el impacto del sistema de ferrocarril ligero Hudson-Bergen (HBLR por sus siglas en inglés) sobre los precios de inmuebles residenciales. A diferencia de estudios similares que utilizan un modelo hedónico con datos transversales, aquí se utilizan datos de ventas repetidas de inmuebles que se vendieron al menos dos veces entre 1991 y 2009. Se muestra la influencia en el precio de las viviendas de la proximidad a la estación más cercana del HBLR, una mejor accesibilidad relativa a diferentes estaciones y la fecha de inauguración esperada de la estación de HBLR. Nuestros resultados demuestran que las propiedades cercanas a las dos estaciones más alejadas del distrito central de negocios, ahora revitalizado, experimentaron un alza en el precio. También muestran que se produjo un aprecio en áreas con un mejor acceso gracias a las opciones de transporte público disponibles. Por medio de un gradiente negativo-exponencial, descubrimos que estas tasas de apreciación más elevadas tendían a disiparse aproximadamente a 1/4 de milla (402 m) de las estaciones. Esto apoya la idea de que las propiedades que circundan las estaciones de transporte urbano ligadas al desplazamiento al trabajo disfrutan de mayores beneficios marginales debido a una mejor accesibilidad de tránsito y una reducción de los costos de transporte, como predice el modelo de Alonso.

Suggested Citation

  • Kyeongsu Kim & Michael L. Lahr, 2014. "The impact of Hudson-Bergen Light Rail on residential property appreciation," Papers in Regional Science, Wiley Blackwell, vol. 93, pages 79-97, November.
    • Handle: RePEc:bla:presci:v:93:y:2014:i::p:s79-s97
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