Proximity to bike-sharing stations augments property values in city

23 junio 2015

Studying house sales in central Montreal before and after the Bixi bike sharing system was launched in 2009, researchers found that a typical home in the central Montreal area they studied had about 12 stations nearby, which had increased its value by 2.7% on average. This benefits owners and municipalities through taxes. Cities considering the implementation or expansion of bicycle share systems should take this into account in addition to environmental and health benefits.