A Study of the Metro and Housing Value Interaction with Hedonic Price Model: Comparison of Ankara Batıkent and Koru Metro Stations

Fatma Erdoğanaras; Kübra Cihangir Çamur; Gülsel Satoğlu

Makale detayları

A Study of the Metro and Housing Value Interaction with Hedonic Price Model: Comparison of Ankara Batıkent and Koru Metro Stations

Yazarlar:

Fatma Erdoğanaras | Kübra Cihangir Çamur | Gülsel Satoğlu

Yayıncı:

Süleyman Demirel University

Ana Başlıklar:

Urban and Regional Planning

Dergi:

Journal of Architectural Sciences and Applications Vol.8 Issue 1, pp.161-177

Belge Tipi:

Makale

Yayın Tarihi:

7/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001289991

pISSN:

2548-0170

Anahtar kelimeler:

Özet:

 The effects of urban rail systems on the real estate market were studied by analysing housing prices around Ankara Koru and Batıkent Metro Stations using the Hedonic Price Model. Quantitative data on residential sales were used. The findings reveal that sale values of residences are more elastic in term of metro effect in Batıkent, where middle-lower income groups live, compared to Koru Metro Station, where middle-upper income groups live. As the distance to the metro station decreases in Batıkent, prices increase. These results suggest that subways can help reduce polarization between income groups in cities while increasing accessibility. Providing access to neighbourhoods with both low and high-income individuals by metro increases housing prices more in favour of low-income groups and reduces income polarization between income groups.

 The effects of urban rail systems on the real estate market were studied by analysing housing prices around Ankara Koru and Batıkent Metro Stations using the Hedonic Price Model. Quantitative data on residential sales were used. The findings reveal that sale values of residences are more elastic in term of metro effect in Batıkent, where middle-lower income groups live, compared to Koru Metro Station, where middle-upper income groups live. As the distance to the metro station decreases in Batıkent, prices increase. These results suggest that subways can help reduce polarization between income groups in cities while increasing accessibility. Providing access to neighbourhoods with both low and high-income individuals by metro increases housing prices more in favour of low-income groups and reduces income polarization between income groups.

 The effects of urban rail systems on the real estate market were studied by analysing housing prices around Ankara Koru and Batıkent Metro Stations using the Hedonic Price Model. Quantitative data on residential sales were used. The findings reveal that sale values of residences are more elastic in term of metro effect in Batıkent, where middle-lower income groups live, compared to Koru Metro Station, where middle-upper income groups live. As the distance to the metro station decreases in Batıkent, prices increase. These results suggest that subways can help reduce polarization between income groups in cities while increasing accessibility. Providing access to neighbourhoods with both low and high-income individuals by metro increases housing prices more in favour of low-income groups and reduces income polarization between income groups.

 Kentsel raylı sistemlerin emlak piyasası üzerindeki etkileri, Hedonik Fiyat Modeli kullanılarak Ankara Koru ve Batıkent Metro istasyonları çevresindeki konut fiyatları analiz edilerek incelenmiştir. Konut satış değerlerine ilişkin nicel veriler kullanılmıştır. Bulgular, orta-alt gelir grubunun yaşadığı Batıkentteki konutların satış değerlerinin, orta-üst gelir grubunun yaşadığı Koru Metro İstasyonuna kıyasla metro etkisi açısından daha esnek olduğunu ortaya koymaktadır. Batıkentte, metro istasyonuna yaklaştıkça fiyatlar artmaktadır. Bu sonuçlar, metroların erişilebilirliği artırırken şehirlerdeki gelir grupları arasındaki kutuplaşmayı azaltmaya yardımcı olabileceğini göstermektedir. Hem düşük hem de yüksek gelirli bireylerin yaşadığı mahallelere metro ile erişim sağlanması, konut fiyatlarını düşük gelirli gruplar lehine artırmakta ve gelir grupları arasındaki kutuplaşmayı azaltmaktadır.

Makale detayları

A Study of the Metro and Housing Value Interaction with Hedonic Price Model: Comparison of Ankara Batıkent and Koru Metro Stations

Yazarlar:

Fatma Erdoğanaras | Kübra Cihangir Çamur | Gülsel Satoğlu

Yayıncı:

Süleyman Demirel University

Ana Başlıklar:

Urban and Regional Planning

Dergi:

Journal of Architectural Sciences and Applications Vol.8 Issue 1, pp.161-177

Belge Tipi:

Makale

Yayın Tarihi:

7/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001289991

pISSN:

2548-0170

Metro stations

housing prices

hedonic price model

accessibility

transportation planning

urban planningMetro istasyonları

konut fiyatları

hedonik fiyat modeli

erişilebilirlik

ulaşım planlaması

Sayı

Makale detayları

Yazarlar: Fatma Erdoğanaras | Kübra Cihangir Çamur | Gülsel Satoğlu

Yayıncı: Süleyman Demirel University

Ana Başlıklar: Urban and Regional Planning

Dergi: Journal of Architectural Sciences and Applications Vol.8 Issue 1, pp.161-177

Belge Tipi: Makale

Yayın Tarihi: 7/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001289991

pISSN: 2548-0170

Sayı

Yazarlar:

Fatma Erdoğanaras | Kübra Cihangir Çamur | Gülsel Satoğlu

Yayıncı:

Süleyman Demirel University

Ana Başlıklar:

Urban and Regional Planning

Dergi:

Journal of Architectural Sciences and Applications Vol.8 Issue 1, pp.161-177

Belge Tipi:

Makale

Yayın Tarihi:

7/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001289991

pISSN:

2548-0170