Study On The Impacts Of Real Estate Price Alongside The Urban Rail Transit

With the acceleration of China's urbanization, the construction and development of Urban Rail Transit has come in Golden period. Meanwhile, the great value-added space of the property along the urban rail transit caused concern, "MTR property" become welcome..Based on the Externality Theory, Urban Location Theory, Theory of Grading Rents, and Housing Stock-Flow Theory, The price rise can be explained by the rise of the urban value, the land rent and consumers' expectation. The influence will be stronger if the distance to the rail station is closer or weaker if the distance farther. The influence is different in different segments.The Empirical analysis based on Hedonic Price Model of the Beijing subway line 5 support the conclusion.The Quantitative analysis of the impact on the rental market brought by Urban Rail Transit is suggested. And the contrast the of the impact in the two market is worth studying further.