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The impact of transport policy on residential location

The impact of transport policy on residential location
The impact of transport policy on residential location

The objectives of this chapter are to assess the extent to which transport impacts on residential location decisions and hence on housing occupancy rates and house prices and to assess the extent to which transport policy decisions (such as road user charging, changes to fuel duties or the provision of light rapid transit systems) affect housing markets. This was achieved by undertaking two Stated Preference (SP) experiments in the Greater Oxford area. The aim of these experiments was to determine the key transport and location factors that householders take into account when determining their residential location. These surveys suggested that householders place high values on transport times and costs but also value low density developments, access to high quality schools, low noise levels and developments in small towns/rural areas. Stated Preference data was used to develop a hedonic pricing (HP) model which suggested much lower impacts of travel time to work, housing density and school quality on house prices than the SP choice model. Nonetheless, validation tests indicated that the HP model provided more reliable forecasts of house prices than the SP model. The HP model was used to provide preliminary forecasts of the impact of transport improvements on house prices in the Greater Oxford area.

1430-9602
115-136
Springer International Publishing AG
Pagliara, Francesca
abc9c6d0-2b2c-41b3-a882-a322b7f682c6
Preston, John
ef81c42e-c896-4768-92d1-052662037f0b
Kim, Jae Hong
fa4b3ecf-15a7-4c0a-860f-a99ee6b75c7e
Pagliara, F.
Preston, J.
Simmonds, D.
Pagliara, Francesca
abc9c6d0-2b2c-41b3-a882-a322b7f682c6
Preston, John
ef81c42e-c896-4768-92d1-052662037f0b
Kim, Jae Hong
fa4b3ecf-15a7-4c0a-860f-a99ee6b75c7e
Pagliara, F.
Preston, J.
Simmonds, D.

Pagliara, Francesca, Preston, John and Kim, Jae Hong (2010) The impact of transport policy on residential location. In, Pagliara, F., Preston, J. and Simmonds, D. (eds.) Advances in Spatial Science. (Advances in Spatial Science, , (doi:10.1007/978-3-642-12788-5_6), 65) Springer International Publishing AG, pp. 115-136. (doi:10.1007/978-3-642-12788-5_6).

Record type: Book Section

Abstract

The objectives of this chapter are to assess the extent to which transport impacts on residential location decisions and hence on housing occupancy rates and house prices and to assess the extent to which transport policy decisions (such as road user charging, changes to fuel duties or the provision of light rapid transit systems) affect housing markets. This was achieved by undertaking two Stated Preference (SP) experiments in the Greater Oxford area. The aim of these experiments was to determine the key transport and location factors that householders take into account when determining their residential location. These surveys suggested that householders place high values on transport times and costs but also value low density developments, access to high quality schools, low noise levels and developments in small towns/rural areas. Stated Preference data was used to develop a hedonic pricing (HP) model which suggested much lower impacts of travel time to work, housing density and school quality on house prices than the SP choice model. Nonetheless, validation tests indicated that the HP model provided more reliable forecasts of house prices than the SP model. The HP model was used to provide preliminary forecasts of the impact of transport improvements on house prices in the Greater Oxford area.

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Published date: 2010

Identifiers

Local EPrints ID: 419741
URI: http://eprints.soton.ac.uk/id/eprint/419741
ISSN: 1430-9602
PURE UUID: 8e22f512-729e-4ae4-b8f0-e7867e2060c5
ORCID for John Preston: ORCID iD orcid.org/0000-0002-6866-049X

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Date deposited: 20 Apr 2018 16:30
Last modified: 07 Oct 2020 01:52

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