A study of metro’s influence on the primary housing market in Warsaw, Poland

Residential real estate prices vary significantly, being susceptible to numerous components. One of the most contributing factors is thought be proximity an underground train (metro) station. Classically, relationship between housing and distance a metro station measured by hedonic model. This paper presents new method study such relationship, it composite index - Metro Station Proximity Effect Estimator (MSPEE), which allows looking at differences not only stations but also city districts. The MSPEE was calculated as mean set sub-indicators, assembled variables determining final value indicator. Through well more traditional methods, suggests illustrates generally strong negative correlation apartment prices. Moreover, lists describes exceptions trend around Warsaw.