Study shows cycleways better for house prices
A UC student research team have found that across Christchurch, for the median property, cycleways located within one kilometer increased property value by $1000.Ā
AtĀ University of Canterbury (UC), Professor Simon Kingham runs the Research for Resilient Environments and Communities paper, where students are provided with an issue or question the community has raised. Students then work on the projects with local community groups and organisations to answer the research questions.
UC student Caleb Sullivan was part of a research team, that worked with a local planner to see what impact cycleways had on property prices. They then used an internationally recognised hedonic pricing model which figures out how different features of a house, like its size, location, or amenities, affect its ...