Medios de transporte sostenibles y mercado de bienes residenciales. Un análisis para Medellín.

This paper analyzes the effect of pollution on housing prices. In particular, we explore the effect of Metroplús on housing prices in Medellin city for 2010 and 2012 years, and the direct impact of air pollution and public transport coverage. We select treatment and control by georeferencing the households and according to a distance criterion of 750 meters. Using two methodologies: Difference in Differences (DD) and Propensity Score Matching with Differences in Differences (PSM-DD), we do not find effects at the aggregate level; However, we find that low strata houses receive a positive effect, while high strata houses are negatively affected. In addition, air pollution has a significant impact; however, public transport coverage does not have effects. [ABSTRACT FROM AUTHOR]