An Academic researcher has developed a new model for assessing the property price effect of new rail-based transport investment.
The model is explained in a new report by Gabriel Ahlfeldt of the Spatial Economics Research Centre at the London School of Economics, If we built, will they pay? Predicting property price effects of transport innovations. Ahlfeldt has tested it out on the Jubilee Line and Docklands Light Railway and says it gives a good fit with the actual observed effects.
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