Abstract
Urban rail transit has strong transportation capability, but little environmental pollution. Besides, it also saves land resource. These advantages make the urban rail transit gradually becomes an effective measure to solve city traffic problems. In order to analyze the impact of the scope and extent of urban rail transit on the real estate, this paper first introduces the composition of real estate market information system, explains the process of how the urban rail transit influences the value of real estate by taking the 1st project of line 1 of Zhengzhou urban rail transit in Henan province for example, finds the semi logarithmic model which has the best regression effects with three hedonic price models and the collected data from the real estate market information system, and finally works out the added value of real estate generated by the above urban rail transit.
Highlights
China is in a period of rapid development of industriali-R zation and urbanization
Based on the analysis of the advantages and disadvantages of each model, the model data requirements and the scope of the research problem utilized, we find that using hedonic price model to analyze the influence of urban rail transit on the real estate value can be more complete and accordable with the theory of real estate value return
This paper quantitatively analyses the econometric model of urban rail transit impact on the real estate value by hedonic price model
Summary
E traffic and the environment has become an urgent problem in the development of city. T Urban rail transit has strong transportation capability, but little environmental pollution. All these advantages make the urban rail transit gradually become an effective measure to solve city traffic. R ber of rail transit line in China has risen up to 55 by the end of 2010. EIn fact, urban rail transit improves the city traffic conditions while it promotes the development of high density of. It is hoped that this research can be taken as theory basis for the government to regulate and control the balance between the development of urban rail transit and the real estate projects
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