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Alteg, Ebba, 2016. Roslagsbanan's effect on property prices : a hedonic price approach. First cycle, G2E. Uppsala: SLU, Dept. of Economics

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Abstract

In recent years has attention been turned to health and environmental effects of public transportation. Especially since Infrastrukturpropositionen (1996/97:53) clearly stated an aim of reducing environmental effects caused by public transportation. In the northeast suburbs of Stockholm is the debated train Roslagsbanan providing access to and from the city. Besides easy access, Roslagsbanan generates disturbing noise. It reaches a maximum level of 70 dB(A) and equivalent level (average)55 dB(A). Since the train has obvious benefits and costs (in measure of environmental quality) it would be interesting to see the how property-owners actually are affected by it. This study is therefore scrutinising how noise and accessibility to the city affect prices on houses in two suburbs, Täby and Danderyd. The commonly used evaluation method for non-marketable goods, Hedonic price model is applied. Since accessibility and noise can be are regarded as non-marketable characteristics of houses, the hedonic price model approach can be used to estimate implicit prices of these characteristic (when all else held constant). The result for noise was unfortunately not significant. Nevertheless was a relationship between accessibility and house prices depicted. It was shown that the implicit price increased as distance to closest station increased until it reached 1000 meters, then implicit price decreased. To conclude, further research is requested to finally make a general statement about the effect Roslagsbanan has on property prices.

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De senaste åren har hälso- och miljöaspekter av kollektivtrafiken blivit upmärkasammad. Särkilt sedan Infrastrukturpropositionen (1996/97:53) särskilt uttryckt målet att minimera miljö- och hälsoeffekter från kollektivtrafiken. Det inkluderar Roslagsbanan som förser de nordöstra förorterna i Stockholm med transportmöjligheter in till Stockholm city. Uttöver transport medför Roslagsbanan mycket oljud. Maximala ljudnivån uppnår 70dBa, och en genomsnittlig nivå på 55 dBa. Tåget har alltså både för- och nackdelar vilket borde påverka bostadpriserna, då de faktiskt skulle kunna ses som egenskaper till ett hus. Därför undersöker detta arbete hur ljud och kommunikationsmöjligheter påverkar huspriser i Täby och Danderyd. Den frekvent använda värderingsmetoden Hedonisk Prisstudie appliceras i det här arbetet för att med estimeringmetoden OLS estimera de potentiella effekterna roslagsbanan har. Resultatet för oljudet visar sig tyvärr insignificant. Därför kan inga generella slutsatser om ljud dras. Däremot visade avstånd till närmsta station ha en positiv effekt till och med 1000 meter, var efter priserna avtog. Det visade ändå intresanta resultat och god potential för fortsatta undersökningar.

Main title:Roslagsbanan's effect on property prices
Subtitle:a hedonic price approach
Authors:Alteg, Ebba
Supervisor:Surry, Yves Rene and Abouhatab, Assem
Examiner:Hess, Sebastian
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1037
Year of Publication:2016
Level and depth descriptor:First cycle, G2E
Student's programme affiliation:NY001 Agricultural Programme - Economics and Management 270 HEC
Department:(NL, NJ) > Dept. of Economics
Keywords:hedonic pricing, public transportation, property prices
URN:NBN:urn:nbn:se:slu:epsilon-s-5735
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-s-5735
Subjects:Economics and management
Language:English
Deposited On:31 Aug 2016 12:26
Metadata Last Modified:31 Aug 2016 12:26

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