{"id":3628,"date":"2024-07-01T11:39:52","date_gmt":"2024-07-01T09:39:52","guid":{"rendered":"https:\/\/nepttp.avidakizomba.co.za\/?p=3628"},"modified":"2025-06-09T12:11:28","modified_gmt":"2025-06-09T10:11:28","slug":"the-impact-of-road-transport-infrastructure-on-residential-real-estate-prices-in-the-city-of-johannesburg","status":"publish","type":"post","link":"https:\/\/www.escience.ac.za\/index.php\/2024\/07\/01\/the-impact-of-road-transport-infrastructure-on-residential-real-estate-prices-in-the-city-of-johannesburg\/","title":{"rendered":"The Impact of Road Transport Infrastructure on Residential Real Estate Prices in the City of Johannesburg"},"content":{"rendered":"<p><strong>Researcher:<\/strong>&nbsp; Kola Ijasan, University of the Witwatersrand, Johannesburg<br \/><strong>Supervisor:&nbsp;<\/strong>Dr Babatunde Oluwayomi, University of the Witwatersrand, Johannesburg<\/p><p>Increase in Land Value \u2013 conventional urban land economics theories argue that transportation costs are a major element in land value.\u00a0 The availability of transportation infrastructure such as motorways or train lines will dramatically increase access to services, jobs, and amenities.\u00a0 According to Du and Mulley (2006), with businesses centred in particular areas and residences in another, decreasing transportation costs becomes a determining factor in the choice and demand for residential houses; and hence their value.<br \/>Demand and Supply \u2013 There is a two-way link between transportation infrastructure and land value. \u00a0There are two types of relationships: demand driven and supply driven. The supply-driven relationship states that the provision of additional transportation infrastructure will result in increased land value surrounding the enabled infrastructure. According to the demand-driven relationship, an increase in land value leads to the provision of additional transportation infrastructure.<\/p><figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1352\" height=\"813\" src=\"https:\/\/nepttp.avidakizomba.co.za\/wp-content\/uploads\/2024\/10\/Kola-Ijasan.png\" alt=\"\" class=\"wp-image-3629\" srcset=\"https:\/\/www.escience.ac.za\/wp-content\/uploads\/2024\/10\/Kola-Ijasan.png 1352w, https:\/\/www.escience.ac.za\/wp-content\/uploads\/2024\/10\/Kola-Ijasan-600x361.png 600w, https:\/\/www.escience.ac.za\/wp-content\/uploads\/2024\/10\/Kola-Ijasan-300x180.png 300w, https:\/\/www.escience.ac.za\/wp-content\/uploads\/2024\/10\/Kola-Ijasan-1024x616.png 1024w, https:\/\/www.escience.ac.za\/wp-content\/uploads\/2024\/10\/Kola-Ijasan-768x462.png 768w\" sizes=\"(max-width: 1352px) 100vw, 1352px\" \/><\/figure><p><br \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Researcher:&nbsp; Kola Ijasan, University of the Witwatersrand, JohannesburgSupervisor:&nbsp;Dr Babatunde Oluwayomi, University of the Witwatersrand, Johannesburg Increase in Land Value \u2013 conventional urban land economics theories argue that transportation costs are a major element in land value.\u00a0 The availability of transportation infrastructure such as motorways or train lines<\/p>\n","protected":false},"author":1,"featured_media":4407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capstone-projects"],"_links":{"self":[{"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/posts\/3628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/comments?post=3628"}],"version-history":[{"count":1,"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/posts\/3628\/revisions"}],"predecessor-version":[{"id":4411,"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/posts\/3628\/revisions\/4411"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/media\/4407"}],"wp:attachment":[{"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/media?parent=3628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/categories?post=3628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.escience.ac.za\/index.php\/wp-json\/wp\/v2\/tags?post=3628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}