Moges Wubet

Does the proximity to an urban transport node increase commercial property values? Moges Wubet

Does the proximity to an urban transport node increase commercial property values?What would be the "homo economicus" intuitive answer to this question?The intuitive answer to this question may seem obvious. The proximity to a surface train station should increase the values of surrounding property values, mostly because such proximity increases the flow of potential customers. This intuition is generally confirmed by a large number of econometric studies that have been applied to different economically advanced cities. However... In Addis Ababa, as usual, we do find a much more nuanced set of answers.