Work detail

The Effect of the Metro Extension on Real Estate Prices in Prague

Author: Bc. Anna Hakenová
Year: 2023 - winter
Leaders: Mgr. Roman Kalabiška
Consultants:
Work type: Bachelors
Language: English
Pages: 60
Awards and prizes:
Link: https://dspace.cuni.cz/handle/20.500.11956/179183
Abstract: The main research question of this thesis is what the effect of the metro extensions
on real estate prices is. To estimate the effect, we used the Difference in Difference
methodology which enables us to efficiently compare the impact of the implemented
metro stations on property values in their proximity with the estates further from
the studied stations. We analyse four extensions consisting of ten stations through
timeseries of twenty-two years and thus we can present a complex analysis that has
not yet been carried out to such an extent in the Prague context. All of our results are
statistically significant and three of the presented models showed a positive effect of
the opening of the new stations on real estate prices in the vicinity.

Partners

Deloitte
Česká Spořitelna

Sponsors

CRIF
McKinsey
Patria Finance
EY