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The Influence of Construction of Rapid Rail Dejvická-Nemocnice Motol on Land Values Using Geographically Weighted Regression
Pejřil, Kryštof ; Květoň, Viktor (advisor) ; Netrdová, Pavlína (referee)
The objective of this bachelor thesis is to examine the impacts of the construction of rapid rail Dejvická-Nemocnice Motol on land values in the adjacent areas. The major impact of opening of the rapid rail section is an attractiveness improvement of station neighbourhood, which results in land value uplift. The intensity of this phenomenon is compared to the influences of selected price-making factors: noisiness, proximity of public greenery and school facilities accessibility. The analysis utilizes the method of geographically weighted regression (GWR), a statistical method, which deals with the varying relationships of the phenomenon over space and allows better understanding of their spatial context. There was not proved a statistically significant effect of walking-accessibility of the stations on land values, however, this might reveal an analysis of larger extent. The results confirm a necessity of very careful approach to the particular local specifics contributing to land values. In the conclusion some limitations of a usage of GWR are discussed with respect to the urban structure. Keywords: rapid rail, land values, geographically weighted regression
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The impacts of metro on property prices: an example of the new stations in Prague
Pejřil, Kryštof ; Květoň, Viktor (advisor) ; Boháč, Ondřej (referee)
The objective ot this diploma thesis is to examine the impacts of the metro line extension on residential property prices in the adjacent areas of Bořislavka, Nádraží Veleslavín and Petřiny station. One of the positive externalities of the improved public transport accessibility is higher attractivity of the localities, which results in the property prices uplift. According to the works from abroad the features of such uplift differ case by case. Statistical modelling analyses having been conducted so far carried the ambiguous results and that is why both quantitative and qualitative research methods are used in this work and at the same time the emphasis is given to the comparison of both approaches and their benefits. The borderline of the impact of metro on property prices was put 800-1000 m far from the stations. This impact is studied in the context of the other pricing factors in terms of geographical location. The results indicate significant, though no decisive impact of metro stations on property prices. At the same time the need for the careful handling with the locally relevant factors is emphasised as they influence the final prices. In the conclusion the methodical approach considered by the author as the optimal with respect to the Prague's context and particularities is outlined....
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The impacts of metro on property prices: an example of the new stations in Prague
Pejřil, Kryštof ; Květoň, Viktor (advisor) ; Boháč, Ondřej (referee)
The objective ot this diploma thesis is to examine the impacts of the metro line extension on residential property prices in the adjacent areas of Bořislavka, Nádraží Veleslavín and Petřiny station. One of the positive externalities of the improved public transport accessibility is higher attractivity of the localities, which results in the property prices uplift. According to the works from abroad the features of such uplift differ case by case. Statistical modelling analyses having been conducted so far carried the ambiguous results and that is why both quantitative and qualitative research methods are used in this work and at the same time the emphasis is given to the comparison of both approaches and their benefits. The borderline of the impact of metro on property prices was put 800-1000 m far from the stations. This impact is studied in the context of the other pricing factors in terms of geographical location. The results indicate significant, though no decisive impact of metro stations on property prices. At the same time the need for the careful handling with the locally relevant factors is emphasised as they influence the final prices. In the conclusion the methodical approach considered by the author as the optimal with respect to the Prague's context and particularities is outlined....
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The Influence of Construction of Rapid Rail Dejvická-Nemocnice Motol on Land Values Using Geographically Weighted Regression
Pejřil, Kryštof ; Květoň, Viktor (advisor) ; Netrdová, Pavlína (referee)
The objective of this bachelor thesis is to examine the impacts of the construction of rapid rail Dejvická-Nemocnice Motol on land values in the adjacent areas. The major impact of opening of the rapid rail section is an attractiveness improvement of station neighbourhood, which results in land value uplift. The intensity of this phenomenon is compared to the influences of selected price-making factors: noisiness, proximity of public greenery and school facilities accessibility. The analysis utilizes the method of geographically weighted regression (GWR), a statistical method, which deals with the varying relationships of the phenomenon over space and allows better understanding of their spatial context. There was not proved a statistically significant effect of walking-accessibility of the stations on land values, however, this might reveal an analysis of larger extent. The results confirm a necessity of very careful approach to the particular local specifics contributing to land values. In the conclusion some limitations of a usage of GWR are discussed with respect to the urban structure. Keywords: rapid rail, land values, geographically weighted regression
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