Munich Personal RePEc Archive

A methodological proposal to estimate changes of residential property value: case study developed in Bogota

Jorge Andres, Perdomo Calvo and Jorge Andres, Perdomo Calvo (2011): A methodological proposal to estimate changes of residential property value: case study developed in Bogota. Published in: Applied Economics Letters , Vol. 16, No. 18 (11. August 2011): pp. 1577-1581.

[img]
Preview
PDF
MPRA_paper_37168.pdf

Download (133kB) | Preview

Abstract

This article is an empirical study of residential land values in the vicinity of the TransMilenio system (Bus Rapid Transit, BRT) in Bogota´ (Colombia). The results have been established through impact evaluation by means of nonparameteric approaches (Propensity Score Matching, PSM) and econometric approaches (Spatial Hedonic Price, SHP) indicating that access to the BRT system generates benefits on the change of property value.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.