Land and housing price increases due to metro effect: An empirical analysis of Santiago, Chile, 2008–2019
This research investigates whether properties near metro lines in Santiago, Chile, are sold
for higher prices. To achieve this, a multiple regression analysis is carried out, considering
fixed and temporal effects, comparing data within and outside a 1 km buffer zone around
each metro station. The study focuses on three variables:(1) capitalization by landowners,(2)
capitalization by apartment prices, and (3) a" land incidence" ratio, which is the proportion of
land cost-to-apartment prices and acts as a proxy for residential density. The results indicate …
for higher prices. To achieve this, a multiple regression analysis is carried out, considering
fixed and temporal effects, comparing data within and outside a 1 km buffer zone around
each metro station. The study focuses on three variables:(1) capitalization by landowners,(2)
capitalization by apartment prices, and (3) a" land incidence" ratio, which is the proportion of
land cost-to-apartment prices and acts as a proxy for residential density. The results indicate …
Land and housing price increases due to metro effect: An empirical analysis of Santiago, Chile, 2008–2019
This research investigates whether properties near metro lines in Santiago, Chile, are sold
for higher prices. To achieve this, a multiple regression analysis is carried out, considering
fixed and temporal effects, comparing data within and outside a 1 km buffer zone around
each metro station. The study focuses on three variables:(1) capitalization by landowners,(2)
capitalization by apartment prices, and (3) a" land incidence" ratio, which is the proportion of
land cost-to-apartment prices and acts as a proxy for residential density. The results indicate …
for higher prices. To achieve this, a multiple regression analysis is carried out, considering
fixed and temporal effects, comparing data within and outside a 1 km buffer zone around
each metro station. The study focuses on three variables:(1) capitalization by landowners,(2)
capitalization by apartment prices, and (3) a" land incidence" ratio, which is the proportion of
land cost-to-apartment prices and acts as a proxy for residential density. The results indicate …