Study the Effect of Public Transportation Expansion on Housing Price Using the Hedonic Model (A Case Study of Kermanshah)

Land and housing prices are subject to various factors and conditions. Therefore, prices are different in different times and places. In other words, at the level of a city, land and housing prices are different from one region to another based on local and socio-economic characteristics. The change in prices is one of the most visible economic reflections of intervention in physical tissue of the cities. Public transport is one of the essential services of today’s cities and ensuring that it is delivered efficiently and effectively is one of the priorities of many cities. The purpose of the present research is to study the effect of expansion of public transport on housing price using Hedonic model in the neighborhoods of Kasra, 22 Bahman and Towns of Maskan and Moallem in Kermanshah. This research is applied in which correlation method and Hedonic function were used. The effects of independent variable and dependent variables were evaluated using field studies. Thirteen variables were used of which physical condition, situation and access can be mentioned. Eviews and SPSS software were used to analyze the data and estimate the model. The obtained results showed that the coefficients of all the understudy variables were statistically meaningful. Since the p-value for all variables was less than 0.05, so there is a meaningful relationship between the price of residential units and the studied variables.