Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires
As regards the capture and recovery of urban capital gains, one of the requirements for the design of public policy is the identification not only of the measure of the effect but also of the universe of affected properties as a result of urban development. In this article, the selling offers of apa...
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| Formato: | Artículo publishedVersion |
| Lenguaje: | Español |
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Facultad de Filosofía y Letras, Universidad de Buenos Aires
2019
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| Acceso en línea: | https://revistascientificas.filo.uba.ar/index.php/rtt/article/view/6394 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=transter&d=6394_oai |
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I28-R145-6394_oai2025-11-17 Rosanovich, Sergio Andrés Di Giovambattista, Ana Paula 2019-04-01 As regards the capture and recovery of urban capital gains, one of the requirements for the design of public policy is the identification not only of the measure of the effect but also of the universe of affected properties as a result of urban development. In this article, the selling offers of apartments in Buenos Aires are analyzed in relation to its localization and distance to the subway network. Furthermore, for the first time a non-linear hedonic price model with spatial dependence is implemented in order to show the impact over real-estate market using a new dataset of selling prices. The presence of a non-linear effect of the price per square meter based on the distance to the subway stations is verified, negative for the range between 0 and 200 meters (-5%) and positive for the range of 300 to 600 meters (+3,6%). In addition, a detailed description of the current heterogeneities between subway lines is included, stressing the differences in the spatial distribution of house prices, partially determined by the attributes (v.g. vigilance, swimming pool, gym) of the buildings in the different neighborhoods of the city. En relación a la discusión sobre la captación y recuperación de plusvalías urbanas, uno de los insumos necesarios para diseñar una política económica es la identificación no solo de la dimensión del efecto sino también del universo de unidades afectadas a partir del desarrollo urbano. En este trabajo se realiza tal análisis sobre los inmuebles ofertados para la venta en la Ciudad de Buenos Aires en relación a su localización respecto a la red de subterráneos. Asimismo, se implementa por primera vez un modelo no lineal de precios hedónicos con dependencia espacial a fin de captar la incidencia sobre este mercado mediante el uso de una base de datos propia de precios de oferta. Se constata la presencia de un efecto no lineal del precio por metro cuadrado en función de la distancia a las estaciones de subte, negativo para el rango de 0 a 200 metros (-5%) y positivo para el de 300 a 600 metros (+3,6%). Adicionalmente, se presenta un detalle para 2017-2018 del estado actual de las heterogeneidades entre líneas de subte, dando cuenta de diferencias en la distribución espacial de los precios de las propiedades, parcialmente determinada por los atributos (v.g. vigilancia, pileta, gimnasio) que poseen los edificios en los distintos barrios de la ciudad. application/pdf https://revistascientificas.filo.uba.ar/index.php/rtt/article/view/6394 10.34096/rtt.i20.6394 spa Facultad de Filosofía y Letras, Universidad de Buenos Aires https://revistascientificas.filo.uba.ar/index.php/rtt/article/view/6394/5646 Revista Transporte y Territorio; No. 20 (2019): (enero-junio) - Geografia dos transportes no Brasil; 307-337 Revista Transporte y Territorio; Núm. 20 (2019): (enero-junio) - Geografia dos transportes no Brasil; 307-337 1852-7175 mercado inmobiliario plusvalías urbanas transporte público econometría espacial real-estate market urban capital gains public transport spatial econometrics Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires Inversión pública y plusvalías urbanas. Análisis espacial y efectos no lineales de la proximidad de la red de subterráneos sobre los precios de la vivienda en Buenos Aires info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=transter&d=6394_oai |
| institution |
Universidad de Buenos Aires |
| institution_str |
I-28 |
| repository_str |
R-145 |
| collection |
Repositorio Digital de la Universidad de Buenos Aires (UBA) |
| language |
Español |
| orig_language_str_mv |
spa |
| topic |
mercado inmobiliario plusvalías urbanas transporte público econometría espacial real-estate market urban capital gains public transport spatial econometrics |
| spellingShingle |
mercado inmobiliario plusvalías urbanas transporte público econometría espacial real-estate market urban capital gains public transport spatial econometrics Rosanovich, Sergio Andrés Di Giovambattista, Ana Paula Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires |
| topic_facet |
mercado inmobiliario plusvalías urbanas transporte público econometría espacial real-estate market urban capital gains public transport spatial econometrics |
| description |
As regards the capture and recovery of urban capital gains, one of the requirements for the design of public policy is the identification not only of the measure of the effect but also of the universe of affected properties as a result of urban development. In this article, the selling offers of apartments in Buenos Aires are analyzed in relation to its localization and distance to the subway network. Furthermore, for the first time a non-linear hedonic price model with spatial dependence is implemented in order to show the impact over real-estate market using a new dataset of selling prices. The presence of a non-linear effect of the price per square meter based on the distance to the subway stations is verified, negative for the range between 0 and 200 meters (-5%) and positive for the range of 300 to 600 meters (+3,6%). In addition, a detailed description of the current heterogeneities between subway lines is included, stressing the differences in the spatial distribution of house prices, partially determined by the attributes (v.g. vigilance, swimming pool, gym) of the buildings in the different neighborhoods of the city. |
| format |
Artículo publishedVersion |
| author |
Rosanovich, Sergio Andrés Di Giovambattista, Ana Paula |
| author_facet |
Rosanovich, Sergio Andrés Di Giovambattista, Ana Paula |
| author_sort |
Rosanovich, Sergio Andrés |
| title |
Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires |
| title_short |
Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires |
| title_full |
Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires |
| title_fullStr |
Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires |
| title_full_unstemmed |
Public investment and urban capital gains. Spatial analysis and non-linear effects between the proximity to the subway network and house prices in Buenos Aires |
| title_sort |
public investment and urban capital gains. spatial analysis and non-linear effects between the proximity to the subway network and house prices in buenos aires |
| publisher |
Facultad de Filosofía y Letras, Universidad de Buenos Aires |
| publishDate |
2019 |
| url |
https://revistascientificas.filo.uba.ar/index.php/rtt/article/view/6394 https://repositoriouba.sisbi.uba.ar/gsdl/cgi-bin/library.cgi?a=d&c=transter&d=6394_oai |
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