HOW TRANSPORT ACCESS AFFECTS HOUSING PRICES
DOI:
https://doi.org/10.5281/zenodo.17443507Keywords:
urban environmental effects, housing property values, Hedonic Pricing Model (HPM).Abstract
The construction of subways has an external impact on the urban environment. Among these effects, the most
signifcant is the increase in housing property values near subway stations. Tashkent, the largest commercial and capital
city of Uzbekistan, is selected as the subject of this research due to its unique characteristics. The Hedonic Pricing Model
(HPM) is employed to analyze changes in property values within a 1,000-meter radius of completed subway stations.
Utilizing land rent and land location theories, along with a model assessing the impact of urban transport on surrounding
real estate prices, this study investigates Tashkent’s influence zone on property values. The paper concludes by
emphasizing the signifcance of urban development and subway construction and proposes that development strategies
should vary based on the characteristics of subway networks in different parts of the city.
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