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Announcement of the First Metro Line and its Impact on Housing Prices in Bogotá

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dc.creatorCárdenas Rubio, Jeisson Arleyspa
dc.creatorGallego Acevedo, Juan Miguelspa
dc.creatorUrrutia, María Alejandraspa
dc.date.accessioned2025-06-05T20:20:58Z
dc.date.available2025-06-05T20:20:58Z
dc.date.created2022-06-01spa
dc.date.issued2022-06-01spa
dc.descriptionTransport 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 and Google Maps with administrative records—such as the Colombian Institute of Urban Development (IDU) databases—to assess how the announcement of the metro station construction impacts the rental or sales market prices for the houses surrounding the infrastructure projects. The results show that the housing sale prices increased since October 2019, the time when the awarding of the contract for construction of the First Metro Line was announced. The flats and houses on sale located within 1.5 km from the future metro station showed an increase of 10.5 and 6.5% in prices, respectively.spa
dc.format.extent22 ppspa
dc.format.mimetypeapplication/pdfspa
dc.identifier.doihttps://doi.org/10.48713/10336_45571
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/45571
dc.language.isoengspa
dc.publisherUniversidad del Rosariospa
dc.publisherAlianza EFIspa
dc.publisher.departmentFacultad de Economíaspa
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internationalspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccessspa
dc.rights.accesoAbierto (Texto Completo)spa
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/spa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.keywordMetroeng
dc.subject.keywordBogotáeng
dc.subject.keywordHousingeng
dc.subject.keywordPriceseng
dc.subject.keywordExpectationseng
dc.subject.keywordAssessmenteng
dc.titleAnnouncement of the First Metro Line and its Impact on Housing Prices in Bogotáspa
dc.typeworkingPaperspa
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersionspa
dc.type.spaDocumento de trabajospa
local.department.reportFacultad de Economía
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