In many metropolitan regions, transit-oriented developments are built to motivate the use of sustainable travel by promoting urban growth within walking distances of public transport stations. Changes in residential property values are a common way to assess the success of transit-oriented developments. However, studies that focus on property values alone have reported mixed effects. This paper attempts to evaluate the land value impact around commuter rail stations by analyzing the change in property values within the context of the transformation of socio-spatial neighborhood attributes. The study sets out to estimate the effect of Randstad Rail stations using real estate transaction data of residential properties and neighborhood socio-spatial attributes in the Rotterdam–the Hague metropolitan area of the Netherlands covering a period from 1985 to 2018. Adopting a quasi-experimental design, the effect is estimated for properties within different catchment zones around three commuter rail stations using a Difference-in-Differences Model and Multivariate Analysis of Variance. The results demonstrate the overall negative effect of the Randstad Rail on the value of residential properties at a distance equal to or less than 400 meters from the selected rail stations in the range of -18.8% to -11.5%. In contrast, a positive effect is observed for the residential properties located within a radius of 400 to 800 meters from the rail stations, which is estimated to be +15% to +33.2%. The findings also indicate a considerable socio-spatial transformation in the neighborhood composition after the opening of the rail stations in terms of neighborhood population density, land-use density, housing characteristics, and car ownership, which significantly affect the magnitude and direction of the impact.

中文翻译：

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如果你建造它，它们就会改变：评估通勤火车站对荷兰鹿特丹-海牙大都市区房地产价值和社区构成的影响

在许多大都市地区，以公交为导向的开发项目旨在通过促进公共交通站步行距离内的城市发展来促进可持续旅行的使用。住宅物业价值的变化是评估以公交为导向的开发成功与否的常用方法。然而，仅关注财产价值的研究报告了混合影响。本文试图通过分析在社会空间邻里属性转变的背景下财产价值的变化来评估通勤火车站周围的土地价值影响。该研究旨在利用 1985 年至 2018 年期间荷兰海牙大都市区鹿特丹的住宅物业和社区社会空间属性的房地产交易数据来估计任仕达火车站的影响。设计中，使用差异中的差异模型和多变量方差分析估计了三个通勤火车站周围不同集水区内的属性的影响。结果表明，任仕达铁路对距离选定火车站等于或小于 400 米的住宅物业价值的总体负面影响在 -18.8% 至 -11.5% 之间。相比之下，距离火车站 400 至 800 米范围内的住宅物业产生了积极影响，估计为 +15% 至 +33.2%。研究结果还表明，火车站开通后，社区构成在社区人口密度、土地使用密度、住房特征和汽车拥有量方面发生了相当大的社会空间转变，这显着影响了影响的幅度和方向.