Walking Accessibility to Bus Rapid Transit: Does it Affect Property Values? The Case of Bogota, Colombia

By Ramon C Munoz-Raskin. 2010

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BRT TOD: Leveraging transit oriented development with bus rapid transit investments (2014, background): “Land-price capitalization benefits of BRT investments have also be reported in Brisbane (Levinson et al., 2002), Los Angeles (Cervero, 2004), Pittsburgh (Perk and Catala, 2009), Bogotá (Rodriquez and Targa, 2004; Rodriquez and Mojica, 2008; Munoz-Raskin, 2010), and Seoul (Cervero and Kang, 2011).”
Assessing equity in transport accessibility to work and study: The Bogotá region (2017, background): “Many studies in the local context focus on the relationships between accessibility with land-uses and prices, and the effect of recent investments in urban transport on both spatial and social inequalities (Bocarejo et al., 2014;Grindlay et al., 2012;Munoz-Raskin, 2010).”
Linking urban transport and land use in developing countries (2013, background): “Appreciable land-value benefits have also been reported for Bogotá TransMilenio BRT (Munoz-Raskin 2010; Rodríguez and Mojica 2009; Rodríguez and Targa 2004).”