Almost all of the most populated cities in the world have invested heavily on high capacity urban public transit systems. Apart from the direct economic benefits –travel time reduction, environmental benefits, some indirect benefits are the increase in real estate values (residential and commercial), improved accessibility and possible land use changes towards the development of an area. This study investigates the impact of the future central metro stations of Thessaloniki on real estate values.
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Library ResourcePeer-reviewed publicationJuly, 2012Greece
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Library ResourcePeer-reviewed publicationDecember, 2015Greece
Changes in the usage of a particular urban or regional area have immediate effects on transportation, such as the development of a new multimodal terminal within a city, or the creation of a business park in its outskirts. Thus far, this correlation has been under-researched at a national level in Greece. As a result, its effects on trip generation and passenger flows has been underestimated at the planning level, leading to the implementation of projects that are neither viable nor sustainable.
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