Abstract
Accessibility is an important determinant of property values. Property is broadly defined in urban economics as an estate ranging from a vacant piece of land to an area occupied by all sorts of buildings: residential, commercial, industrial, etc. (Brigham 1965). Several studies have been conducted on the theme of accessibility and property values. Different modes of transport can contribute to the accessibility level a property enjoys. In this regard, accessibility related to highways (freeways) and railways is frequently studied, in which accessibility is explained primarily in reference to the nodes or outlets across the line of the transportation network. Different methodological approaches have been employed to account for accessibility to highway entry/exit points and railway stations. However, the general understanding about accessibility in the literature relates to the fact that the value of accessibility is capitalised on the value of property.
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Debrezion, G., Willigers, J. (2008). The effect of railway stations on office space rent levels: The implication of HSL South in station Amsterdam South Axis. In: Bruinsma, F., Pels, E., Rietveld, P., Priemus, H., van Wee, B. (eds) Railway Development. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-1972-4_13
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DOI: https://doi.org/10.1007/978-3-7908-1972-4_13
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