Predicting Land Price Changes in Fukui Prefecture with the Extension of the Hokuriku Shinkansen

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  • 北陸新幹線延伸に伴う福井県地価の変動予測

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This paper predicts the change in land prices in Fukui Prefecture following Hokuriku Shinkansen Fukui Extension. This analysis uses the land price change in Ishikawa Prefecture due to the Kanazawa extension of the Hokuriku Shinkansen line. Bullet of the Shinkansen tends to land prices to decrease by 0.074% in Kanazawa city. Based on the results of the regression analysis, this paper predicted the change in land prices for each location in Fukui Prefecture for the two years before and after the extension of the Hokuriku Shinkansen line. This study finds out that the extension of the Hokuriku Shinkansen Line enhances the agglomeration of the city: 1% increase in distance lead the change in land prices before and after the extension of the Hokuriku Shinkansen Line tends to change by -0.080%. The opening of the Shinkansen tends to increase by 0.025% where the use status of the land price location is residential.

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