Abstract
The literature on land/property values demonstrates large variability in the estimated change in values arising from rail investments. This study conducts a meta-analysis on empirical estimates for 102 observations on the same. The factors that produce significant variations include the type of land use, the type of rail, rail maturity, the distance to stations, the geographical location, accessibility to other modes, methodological characteristics, and whether the impacted area is land or property. On the other hand, we observe that changes in purchase price and rent values are statistically indifferent, that there is no evidence of change in values over time nor due to the location of land/property within the city, and that including property and neighbourhood characteristics in the model do not change values significantly. Publication bias tests are performed and show that although researchers tend to report positive and negative results, they tend to be biased towards significant estimates.
Biography
Ms Sara Mohammad is a second-year PhD student, with a research proposal of the “impact of Dubai Metro on land and property values”. She has a Bachelor of Engineering degree in civil engineering from University College London. She has also obtained a Master of Science degree in Transport and Business Management in 2008 jointly between UCL and Imperial College.