Abstract
Qingdao City is main city of Shandong Province along with Jinan City, one of Shandong Province's major cities. As the interest of the housing market is increasing, studies on Chinese real estate are also being actively conducted. However, the reserch on the housing price in Qingdao is relatively insufficient. The purpose of this study is to analyze the housing market in Qingdao and to analyze the formation factors for housing price in Qingdao. Hedonic price model was used as a model to analyze the housing price formation factors in Qingdao City, and data were collected from China's major housing trading site, Soupang Mang. The subjects of the study were six districts: Shinan, Shibei, Licang, Laoshan, Chengyang and Huangdao District. and the time range is for houses traded from 2014 to 2016. Housing characteristics affecting Qingdao housing prices are divided into regional characteristics, complex characteristics, household characteristics, and location characteristics. The main analysis results are as follows. First, in the regional characteristics, the prices of houses located in Shinan, Shibei, Licang, and Laoshan district were higher than those in other regions. Second, in the characteristics of the complex, the more the total number of households in the complex, the shorter the elapsed years, the more famous the contractor who built the house, the house has a higher price. Third, in the characteristics of the household, the larger the supply area, the higher the price when the household's scent is south or south. Lastly, in terms of location characteristics, it was found that the distance from the park or bus stop is short, or the prices of houses located close to the subway are high.
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