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(File, Sapa)
Johannesburg - Property owners must keep in mind research shows a knock-on effect of e-tolls is increased traffic through residential areas, warned John Roberts, CEO of Just Property Group.
This leads to a decline in the value of property adjacent to the tolled routes.
In addition, there was a significant rise in accidents in residential areas.
This resulted in the diversion of traffic due to a combination of higher traffic volumes and poor maintenance on the residential routes.
Inversely, property values located within convenient reach of commuter rail stations increased.
Roberts said it is likely that a similar scenario may play itself out in Gauteng with more commuters using the Gautrain once e-tolls are enforced.
"How will e-tolling influence urban migration, development and current property prices?" he asked.
"Studies conducted in the US have indicated that there was a significant change in road-use habits once tolling mechanisms were implemented on major routes."
Where companies decided that the tolling would make their businesses less viable, alternate routes were used, resulting in a massive increase of traffic on back roads.
This, ironically, resulting in greater than average congestion.
"The shift in traffic patterns resulting from e-tolling is likely to result in further degradation of suburban road infrastructure," said Roberts.
"The full of extent of e-tolling will be revealed in the coming months. We can be almost certain that the impact on Gauteng’s social and economic sectors will be substantial – to the point of possibly reshaping the cityscape."
- Fin24
This leads to a decline in the value of property adjacent to the tolled routes.
In addition, there was a significant rise in accidents in residential areas.
This resulted in the diversion of traffic due to a combination of higher traffic volumes and poor maintenance on the residential routes.
Inversely, property values located within convenient reach of commuter rail stations increased.
Roberts said it is likely that a similar scenario may play itself out in Gauteng with more commuters using the Gautrain once e-tolls are enforced.
"How will e-tolling influence urban migration, development and current property prices?" he asked.
"Studies conducted in the US have indicated that there was a significant change in road-use habits once tolling mechanisms were implemented on major routes."
Where companies decided that the tolling would make their businesses less viable, alternate routes were used, resulting in a massive increase of traffic on back roads.
This, ironically, resulting in greater than average congestion.
"The shift in traffic patterns resulting from e-tolling is likely to result in further degradation of suburban road infrastructure," said Roberts.
"The full of extent of e-tolling will be revealed in the coming months. We can be almost certain that the impact on Gauteng’s social and economic sectors will be substantial – to the point of possibly reshaping the cityscape."
- Fin24
