A study of metro’s influence on the primary housing market in Warsaw, Poland
Jakub KUŚMIERZ
e-mail: kusmierz.jakub@gmail.com
ORCID: 0000-0001-6177-3224
Maciej DĄBSKI
University of Warsaw
Faculty of Geography and Regional Studies
e-mail: mfdabski@uw.edu.pl
ORCID: 0000-0003-1018-9639
Magdalena FUHRMANN
University of Warsaw
Faculty of Geography and Regional Studies
e-mail: mfuhrmann@uw.edu.pl
ORCID: 0000-0002-7015-6356
Abstract: Residential real estate prices vary significantly, being susceptible to numerous components. One of the most contributing factors is thought to be the proximity of an underground train (metro) station. Classically, the relationship between housing prices and distance to a metro station is measured by a hedonic model. This paper presents a new method to study such a relationship, and it is a new composite index – Metro Station Proximity Effect Estimator (MSPEE), which allows looking at differences between not only metro stations but also the city districts. The MSPEE index was calculated as a mean of a set of sub-indicators, assembled as variables determining the final value of the composite indicator. Through the MSPEE index as well as more traditional methods, the paper suggests and illustrates a generally strong negative correlation between the proximity of Metro and apartment prices. Moreover, the study lists and describes exceptions to the trend around Warsaw.
Key words: metro, housing prices, Metro Station Proximity Effect Estimator
Zalecany sposób cytowania / Cite as: Kuśmierz J., Dąbski M., Fuhrmann M., 2022, A study of metro’s influence on the primary housing market in Warsaw, Poland, Prace i Studia Geograficzne, 67.4, Wydział Geografii i Studiów Regionalnych Uniwersytetu Warszawskiego, Warszawa, 7–26, DOI: 10.48128/pisg/2022-67.4-01
Wpłynęło: 23.03.2022
Zaakceptowano: 24.11.2022