The Analysis Of The Effect Of The Micro Factors On Urban Land Price

Land plays an increasingly prominent role as a basic product and living elements in the country's economic development and urban construction. However, because China's market-oriented land reforming started late, the land market development degree is lower accordingly, which has been out of line with the high-speeding economy development and become a bottleneck of the economy development of our country. The two main problems come from the severe conflict between land market supply and demand, as well as the low efficient land resources allocation and utilization. These are caused by the lack of land price mechanism. At present the land price mechanism has not become the core of the land market system. Therefore, by the analysis of the effect of the micro factors on urban land price, this thesis tries to find the micro factors affecting urban land price, analyze the relative importance and the relation between them, Furthermore, this study also aims to provide a scientific analysis tool and policy suggestions for improving the land price mechanism function, perfecting the urban land management, promoting the development of the land market.This paper describes the history of urban land price reform and the evolution of land market system. The characteristics and mechanism of land price are analyzed in line and branch. By taking Nanjing City as an example, the status quo and existing problems of China's urban land price system are revealed and analyzed.To analyze the micro factors on urban land price in-depth, the author takes advantage of the consumer preferences theory and the balance of market theory first. Then the author discusses the choice of model and variables, as well as the possible errors and the modeling process. The author builds up a theoretical model of urban land price factors. Finally the author takes Nanjing in Jiangsu Province as a case.Based on the hedonic model of Nanjing, the author finds out the microeconomic factors on urban land price, which include the centre of the business distant, the condition of the land transaction, the volume rate, the Public services and facilities, hospitals, Enterprises, the Financial intensity, the convenience of the traffic, the time. The highest level of the effect is the convenience of the traffic, the highest level of the hedonic price is the condition of the land transaction, the type of neighborhood characteristics are the highest contribution rate for the urban land price. Based on the above studying, the authors believe that this paper value lies in the following: first, it provides a scientific basis for the government departments when they make policies on the land market system; second, it provides a theoretical support for the land management departments when they determining land price and granted plots; third, it provides technical support for the land management departments to create a indexes system for land market price and to full play the role of land price mechanism; forth, it provides a basis for the government departments to construct the urban land. Thereby the author achieves the purpose of the full use of the price mechanism, improving land management, and promoting the development of the land market.