Abstract:

For settlements with a high population density, the most suitable way of safe and economical transportation is public transportation. Therefore, developed and developing countries direct people to public transportation to reduce carbon emissions and minimize traffic-related problems in cities. In this research, the effect of the light rail system, which started operating in the Atakum district of Samsun in 2010, on the housing rents in the district was revealed. The research material consists of data obtained from 384 surveys conducted with households residing as tenants in the Atakum district. In the research, the Hedonic Price Model was used to determine the factors affecting house rent. According to the model results, it has been determined that the rents of residences decrease as the distance from the rail system station increases. Every 100-meter distance from the rail system station leads to a 1.3% reduction in residential rent. Apart from the rail system, the other variables that affect the housing rent and are found to be significant are; the size of the house, the quality of the material of the house, the presence of a dressing room and an en-suite bathroom, the age of the house, and the location of the house in a socio-economically developed neighborhood. It is thought that the results of the research will be useful to politicians, transportation plans of municipalities, real estate sector investors, and researchers.

Keywords: