Transportation and housing markets in cities
García López, Miquel-Àngel (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada)
Sanchis-Guarner, Rosa (Universitat de Barcelona)
Viladecans Marsal, Elisabet (Universitat de Barcelona)
Universitat Autònoma de Barcelona. Departament d'Economia Aplicada

Date:	2026
Description:	39 pag.
Abstract:	This paper surveys recent literature estimating the causal effects of urban transport investments and urban mobility policies on housing markets. We synthesise evidence along three dimensions: the capitalisation of accessibility gains, the internalisation of transport-related externalities, and the rise of green mobility initiatives. Results indicate that while improved accessibility is generally capitalised into higher property values, negative externalities-such as noise, pollution, and congestion-can attenuate or reverse these effects. Policies such as congestion pricing, zoning reforms, and low-emission zones also influence these outcomes, highlighting how institutions, network design, and local environmental conditions shape the housing market's response to transport investments. Recent green interventions in city centres have shown an even stronger impact on housing prices, although they can also create spillover effects in nearby neighbourhoods.
Grants:	Agencia Estatal de Investigación PID2021-128227OB-I00 Agencia Estatal de Investigación PID2022-139878OB-I00 Agencia Estatal de Investigación PID2024-162316OB-I00 "la Caixa" Foundation LCF/PR/SR21/52560001
Note:	ICREA Acadèmia Research Awards by Miquel-Àngel Garcia-López (2024ICREA00113) and Elisabet Viladecans-Marsal (2022).
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.
Language:	Anglès
Series:	Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia Aplicada) ; 01.26
Document:	Working paper
Subject:	Transportation ; Housing prices, ; Within cities

Adreça alternativa: https://ideas.repec.org/p/uab/wprdea/wpdea2601.html

39 p, 980.5 KB

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Research literature > Working papers > Department of Applied Economics. Working papers