Memoirs of the Faculty of Engineering, Okayama University
Published by Faculty of Enginerring, Okayama University

<Formerly known as>
Memoirs of the School of Engineering, Okayama University

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The Impact of JR Seto Ohashi Line on Residential Land Value

Abe, Hirofumi
This paper aims to examine the impact of JR (Japan Railways) Seto Ohashi Line on residential land value. First, the study examines the trends in land value in the area along JR Seto Ohashi Line by applying the area comparison method. The method estimates the effect of JR Seto Ohashi Line on residential land value by comparing land values between the study area and the Okayama Metropolitan Area. Second, the property value method is applied to measure the effect of railroad construction. The effect is estimated with a residential land-value regression, which is calibrated using land value data along the Seto Ohashi Line. Finally, the results are compared with the empirical studies in the Greater Tokyo Region, and various features of the impact of railroad construction on land value are identified.