ABSTRACT
This chapter introduces models that are designed to simulate the impact that access to opportunities has on both residential and commercial property prices. This type of model tries to answer question: Can some kind of mechanism be used to capture the added value generated in such a way that greater accessibility will result in further investment in transport and particularly in public transport? The possible impacts of a new transport infrastructure or policy on the surrounding area need to be considered when evaluating a project. The introduction of a new transport infrastructure can generate indirect effects that result from improved accessibility to opportunities and their capitalisation represented in the surrounding property prices. Value capture policies can therefore be defined as a public financing mechanism based on the recuperation of all or part of the added value gained by the property owners from the creation of new public installations or services.
