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Building on the light rail?
Most of the public is indifferent
A special geocartography study conducted for next week's Real Estate Center Real Estate Summit raises unexpected findings: The Gush Dan light rail does not change residential decisions and most residents of the center do not take it into account.
Why actually?
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Light Rail
Walla!
Real Estate
Thursday, 18 November 2021, 09:24 Updated: 09:25
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The transportation system is about to change in Israel, but the public is still indifferent: Geocartography research shows that most of the public is unfamiliar with the plan and does not take it into account when deciding on a place to live, despite its wide implications for construction and disruption in the coming years. The construction. The study was conducted for the Real Estate Center Summit of Real Estate, to be held on November 22nd.
Although the transportation reality will change, and whoever launches near a station will enjoy access to dozens of destinations in the metropolis, but in geocartography, indicate that the public is still indifferent to these processes: 47% of the public have not heard of the program and 36% have not known it.
Awareness of the mass transit system plans in the central region is greater compared to all residents of Israel, but still 68% of the residents of the central region are unaware or unfamiliar with the plan.
In Jerusalem, which already has a light rail, the rate of awareness of the new programs is very low: 61% have not heard of the light rail program in the center of the country and another 26% have heard of it but do not know it.
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Maybe when you start acting there will be more interest.
The light rail (Photo: Official website, NATA)
According to Dr. Rina Degani, owner of the Geocartography Group, "The low level of awareness is understandable in light of the time distance between the planning phase and the execution and operation phases, which will last several more years.
"In light of the importance of the issue of transportation in choosing a place to live, it was to be expected that the growing preoccupation in recent months with the approval of the state budget in the metro budget will have a greater impact on Israelis' involvement in the process."
(Photo: PR)
Rina Degani (Photo: Ofer Vaknin)
Dr. Degani emphasizes that "among those who have heard and are familiar with the mass transit programs, opinion changes: 36% of those who have heard and are familiar with the program indicate that it can affect their place of residence.
Nearly 40% will choose to move close to the station of one of the lines, about 20% will buy an apartment for investment, because they expect an increase in value and the ability to easily rent the apartment, about 8% will realize a property near one of the lines, and about 20% will choose to move away. From the place due to the infrastructure works. "
(Photo: PR)
Why is the public indifferent to mass transit programs?
"Proximity to public transport is less important compared to other parameters that determine location of residence. It must be remembered that about 60% of the public comes to work in a private car and therefore is not yet interested in mass transit systems."
Dan Kacznowski (Photo: Dror Sithkol)
Degani explains that "public indifference is related to the main considerations in choosing a place of residence for the household, which emphasizes the nature of the population, community life, proximity to family or friends, high accessibility to the workplace and availability of services close to home. Proximity to public transportation is less important. "It must be remembered that about 60% of the public come to work in a private car and therefore are not yet interested in mass transit systems and find it difficult to believe in long-term 'promises'.
"It seems that after years of neglect on the part of the state, this time we are really going for long-term planning," says Dan Kacznowski, co-CEO of the real estate center.
"We recognize that in the short and medium term there has been a great deal of confusion and uncertainty and it seems that the significance of the project has not yet permeated the general public. The center. Anyone planning to make a real estate transaction in the cities where the light rail will operate should examine the data in depth and make a decision based on knowledge.
"The transportation issue will continue to be critical in the coming years, with a further increase in density and the realization of the decline in parking standards in new projects, and every buyer of an apartment should take it into account."
(Photo: PR)
What's going on in the world?
"The biggest addition to the housing units will be not only on the route itself, which we are already seeing activity of entrepreneurs and investors that will only increase"
In conclusion, the mass transportation systems will change the travel habits of the residents, and depending on their familiarity with the system and the completion of the metro lines, Dr. Degani believes a change in residential preferences is also expected.
According to Degani, "The biggest addition to the housing units will be not only on the route itself, which we are already seeing activity of entrepreneurs and investors that will only increase. We know from the world that the most sought after areas are those not on the route but 200-500 meters away, on the streets Quieter and more remote which give the tenant the convenience of the means of transportation without the congestion and noise resulting from the train and the large crowds that come to it. It is therefore important that city engineers promote urban renewal processes in relation to these locations in order to meet the expected demand for them for housing.Also a campaign and branding on the light rail is required.
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