This study investigates the impact of public transportation infrastructure on property values in Mashhad, Iran, utilizing a hedonic pricing model to analyze both commercial and residential sectors. The findings reveal that proximity to major transport hubs, specifically railway stations and terminals, significantly enhances property values, with commercial properties within 1000 m of these hubs commanding premiums of 29.8% and 25.6%, respectively. This underscores the critical role of transport accessibility in shaping the commercial real estate market. In contrast, metro stations and bus stops show no significant impact on commercial property values, likely reflecting the inadequacies of Mashhad’s current public transportation system. In the residential sector, the influence of transport infrastructure varies by property type: apartment values increase by 19.5% and 13.3% in proximity to railway stations and terminals, while villas experience a 32.5% value boost per kilometer closer to a railway station. These results highlight the differentiated impact of transportation infrastructure on property types, emphasizing the particular importance of rail connectivity for higher-end residential properties. The study concludes with a call for targeted urban planning and policy interventions to modernize and expand Mashhad’s public transportation network, making it more functional and attractive to a wider population, and suggests avenues for future research on additional urban factors influencing property values and the drivers of high-value commercial transactions.


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    Titel :

    The Impact of Public Transport Accessibility on Commercial and Residential Property Prices: A Hedonic Pricing Model Analysis in Mashhad, Iran


    Weitere Titelangaben:

    Transp. in Dev. Econ.


    Beteiligte:


    Erscheinungsdatum :

    01.10.2025




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch