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Investigating the Effect of Train Proximity on Apartment Prices: Haifa, Israel as a Case Study

Author

Listed:
  • Boris A. Portnov

    (University of Haifa, Mount Carmel)

  • Bella Genkin

    (University of Haifa, Mount Carmel)

  • Boaz Barzilay

    (University of Haifa, Mount Carmel)

Abstract

The present study investigates the effect of urban rail on the market prices of residential properties, considering train proximity as both a source of improved access and a local disamenity. For the analysis, 926 housing sales in the city of Haifa, Israel were used. The analysis indicates a relatively narrow buffer zone near train tracks (about 50–100-meters wide) that ‘‘absorbs’’ about 13% of price decline. Beyond this zone, apartment prices rise to their ‘‘peaks’’ at approximately 100–150 meters from the train tracks, and then decline by an average of 0.7% for each additional 100-meter increase in the train line distance.

Suggested Citation

  • Boris A. Portnov & Bella Genkin & Boaz Barzilay, 2009. "Investigating the Effect of Train Proximity on Apartment Prices: Haifa, Israel as a Case Study," Journal of Real Estate Research, American Real Estate Society, vol. 31(4), pages 371-396.
    • Handle: RePEc:jre:issued:v:31:n:4:2009:p:371-396
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    References listed on IDEAS

    as
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    Cited by:

    1. Gal Amedi, 2023. "The Determinants of the Transit Accessibility Premium," Bank of Israel Working Papers 2023.12, Bank of Israel.
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    3. Guarini, Maria Rosaria & Roma, Antonella & Sabatelli, Emma & Segura-de-la-Cal, Alejandro, 2025. "Intrinsic and extrinsic attributes in real estate pricing: Insights for sustainable urban planning strategies," Land Use Policy, Elsevier, vol. 153(C).
    4. Aleksandra Sidorovykh, 2015. "Estimation of effects of transport accessibility on housing prices," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 37(1), pages 43-56.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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