The impact of the Turku tramway on housing price appreciation
Cecchini, Franco (2025)
2025
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2025060319798
https://urn.fi/URN:NBN:fi:amk-2025060319798
Tiivistelmä
The aim of the study was to investigate the potential positive increase in housing prices brought by the Turku tramway. Turku has been considering the construction of a tramway for a few years and has made preliminary calculations. At the time of this study, a more detailed cost estimate is being prepared and will be completed by the end of 2025. The research method used was an integrative literature review, which was critically evaluated.
The theoretical section of the study, placed at the beginning, explores the components of housing prices, the housing market, urban development, and the business opportunities brought by housing. It can be concluded that the components of housing prices consist of several factors and are significantly influenced by external factors.
In the empirical part of the study, Turku's situation was compared to Tampere's. Similarities and differences were sought. The research results indicate that in Tampere, the tramway inevitably caused a positive increase in value. When the situation was critically compared to Turku and the global context, it was concluded that it is likely to see a positive increase in value in Turku as well, although more moderate than in Tampere. However, the conclusions were made based on current information, and if the cost estimate to be completed by the end of the year shows clear cost inflation, the conclusion could be at least controversial or even negative.
The theoretical section of the study, placed at the beginning, explores the components of housing prices, the housing market, urban development, and the business opportunities brought by housing. It can be concluded that the components of housing prices consist of several factors and are significantly influenced by external factors.
In the empirical part of the study, Turku's situation was compared to Tampere's. Similarities and differences were sought. The research results indicate that in Tampere, the tramway inevitably caused a positive increase in value. When the situation was critically compared to Turku and the global context, it was concluded that it is likely to see a positive increase in value in Turku as well, although more moderate than in Tampere. However, the conclusions were made based on current information, and if the cost estimate to be completed by the end of the year shows clear cost inflation, the conclusion could be at least controversial or even negative.