The Effect of the Metro Extension on Real Estate Prices in Prague
| Author: | Bc. Anna Hakenová |
|---|---|
| Year: | 2023 - winter |
| Leaders: | Mgr. Roman Kalabiška |
| Consultants: | |
| Work type: | Bachelors |
| Language: | English |
| Pages: | 60 |
| Awards and prizes: | |
| Link: | https://dspace.cuni.cz/handle/20.500.11956/179183 |
| Abstract: | The main research question of this thesis is what the effect of the metro extensions on real estate prices is. To estimate the effect, we used the Difference in Difference methodology which enables us to efficiently compare the impact of the implemented metro stations on property values in their proximity with the estates further from the studied stations. We analyse four extensions consisting of ten stations through timeseries of twenty-two years and thus we can present a complex analysis that has not yet been carried out to such an extent in the Prague context. All of our results are statistically significant and three of the presented models showed a positive effect of the opening of the new stations on real estate prices in the vicinity. |
