Does rail transport impact house prices and rents? Journal of the Malaysian Institute of Planners, 19 (2). pp. 141-149. ISSN 0128-0945 (2021)
Abstract
Rail transport is one of the factors that boost economic growth. Increased accessibility while saving travel costs and time offered by rail transport attracts foreign and local investments, which lead to increased house prices and rents. Nonetheless, it is argued that noise pollution coming from rail transport may also reduce house prices and rents because these areas are less desirable for occupation and investment. Hence, this research aims to establish rail transport’s impact on house prices and rents through a critical review of the literature. An overview of previous studies shows that house prices and rents are significantly influenced by proximity to rail transports. This indicates that proximity to rail transports is accounted for when making house purchase and rent decisions. Thus, property valuers, planners, and developers should consider rail transport location in planning, developing, and valuing properties.
| Item Type: | Article |
|---|---|
| Keywords: | House rents, House prices, Rail transports |
| Taxonomy: | By Subject > Architecture, Planning & Surveying > Town Planning By Subject > Architecture, Planning & Surveying > Estate Management |
| Local Content Hub: | Subjects > Architecture, Planning & Surveying |
| Depositing User: | Nur Aqilah Russli |
| Date Deposited: | 04 Oct 2021 23:38 |
| Last Modified: | 05 Oct 2021 03:19 |
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