Announcement of the first metro line and its impact on Housing Prices in Bogotá
Transport infrastructure investment not only impacts mobility but may also significantly affect the capitalisation of the areas surrounding these infrastructure projects, even before the projects are completed. This paper analyses the impact that the announcement of the First Metro Line has on housing prices in the city of Bogotá. It combines innovative databases, web scraping […]
Spatial heterogeneity of housing prices in formal and informal settlements: a GWR hedonic model for segmented markets in cali
This paper studies the factors associated with differential prices in segmented housing markets. Despite the breadth of the literature addressing this issue, a gap remains in the investigation of differential prices in areas where formal and informal settlements coexist. Based on primary data from more than 550 households, we calibrated a Geographically Weighted Regressions (GWR) […]