The impact of a busy road on apartment values - A network-level approach

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.advisor Malo, Pekka
dc.contributor.advisor Viitasaari, Lauri
dc.contributor.author Rujala, Henri
dc.date.accessioned 2020-06-14T16:00:51Z
dc.date.available 2020-06-14T16:00:51Z
dc.date.issued 2020
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/44849
dc.description.abstract In this thesis, two-stage least squares regression with Gaussian distance decay kernel weight was employed to investigate the connection between road type and apartment values in Helsinki, Finland. This work contributes to the past domestic literature by including demographic variables as explanatory variables and measuring the road-type specific impact that noise has on apartment values. The research questions were the following: (1) There exists a statistically significant relationship between road type and apartment values. (2) Apartments located on the busy road have a discount when compared to apartments located on the quiet roads. (3) Apartments located near motorways or trunk roads have a discount when compared to apartments that are not located near motorways or trunk roads. The results of this thesis are fully confirming the research questions of (1) and (2). The research question of (3) was partially confirmed. According to the results, there exists a statistically significant relationship between road-type and apartment values. Also, when the apartment is located within a busy road, there is a discount of 1.9 percent present. Moreover, when the apartment is located within 250 meters from trunk road or motorway, there is a discount of 4.1 percent present. On the other hand, when the apartment is located within 500 meters from the trunk road or motorway, there is an increase of 1.9 percent in apartment values. en
dc.format.extent 58
dc.language.iso en en
dc.title The impact of a busy road on apartment values - A network-level approach en
dc.type G2 Pro gradu, diplomityö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Tieto- ja palvelujohtamisen laitos fi
dc.subject.keyword real estate en
dc.subject.keyword spatial regression en
dc.subject.keyword spatial weights en
dc.subject.keyword noise en
dc.subject.keyword street-network en
dc.identifier.urn URN:NBN:fi:aalto-202006143798
dc.type.ontasot Master's thesis en
dc.type.ontasot Maisterin opinnäyte fi
dc.programme Information and Service Management (ISM) en
dc.location P1 I fi
local.aalto.electroniconly yes
local.aalto.openaccess no


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