Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | The housing market effects of public transport integration: evidence from Geneva`s Léman Express |
| Organization Unit | |
| Authors |
|
| Language |
|
| Institution | University of Zurich |
| Series Name | URPP Equality of Opportunity Discussion Paper Series |
| Number | 18 |
| Number of Pages | 68 |
| Date | 2023 |
| Abstract Text | I investigate how the housing market in a binational agglomeration responds to a large trans-border public transport connectivity improvement. For this, I exploit the recent introduction of the Léman Express, a suburban train service in the Greater Geneva area. The new line seamlessly connects the Swiss and the French side of the agglomeration, resulting in a substantial travel time reduction. I document locally concentrated construction booms and increasing prices at locations benefiting from the new service about two years in anticipation of the opening. I study the impact of the anticipated commuting cost decrease on residential mobility flows and discuss the resulting changes in neighborhood composition. Locations near soon well-connected stations experience a shift towards affluent, home-owning cross-border workers resulting in a gentrification push for these historically predominantly poor neighborhoods. This is largely driven by inflows from adjacent areas and internal relocations whereas trans-border relocation flows remain unimportant. |
| Official URL | https://www.urpp-equality.uzh.ch/dam/jcr:11835494-8782-4814-a086-38f4215cb2cb/18_Schmid2022_HousingMarketLEX.pdf |
| Related URLs | |
| Other Identification Number | merlin-id:24217 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|
| Keywords | Housing market, transportation, construction, real estate prices, travel time reduction, household relocation, cross-border working |