Impact Research Of Subway Transit To The Price Of House Alongside

With the acceleration of urbanization in our country, urban ground traffic is already close to saturation. The conditions of traffic congestion and jam have become urban major problems. Subway is a new kind of traffic tools in modern city, it has great characteristics such as fast, safe and comfortable. Its construction attracts the eyes of urban residents, drives the development of housing industry, and promotes housing price around the subway.However, housing providers often exaggerate the impact of subway on the residential housing value-added, leading to inequitable housing market prices, harm the interests of buyers and affect normal development of the real estate market order, the correct estimate of the subway on the value-added to the residential housing can provide the suppliers to make reasonable price, consumer to make buying decisions and assessment company to properly assess house prices for important reference value.Take the construction of Xi'an subway line-two for example; this paper quantitatively analyzed the impacts of the Xi'an subway line-two to the stocked housing market base on hedonic price model. This model composed of basic linear equation and left the semi-log model equation.Chapter one of this paper started with the background and purpose of the whole subject research, synoptically describe the key issues and major innovations. Chapter two analyzed the value influence mechanism of the subway to house based on economic theory perspective. Chapter three introduced the hedonic price model and gave the application process and application premise. Chapter four considered actual situation of Xi'an subway line 2, introduced the concept of market segmentation and divided the housing market segmentation into seven regional submarkets. Then it adopted accessibility of equal theory to analyze the effect of Xi'an subway line two to residential area for scoping of collecting sample data. Chapter five is focal point of the paper, based on knowing the data sources, we set up and quantitative processed the characteristic variables. Then it gave an empirical analysis from the perspective of integrated market and market segment, using basic linear model equation and semi-log model equation respectively. The results showed that after inducting the segment market and combining subway distance variable with segment market variable, it could get the best analysis of fitting effect from basic linear model equation with interaction variable. It also had the strongest explain ability. Under this situation, the price of stocked house will increase 108.97yuan/m2,100.634yuan/m2,61.272yuan/m2,103.642yuan/m2,47.697yuan/m2, 133.307 yuan/m2 in north district 1,2,3, and south district 123, when the house every close to subway line-two 100 meters. Chapter six summarized the main research of this paper and prospected the deficiency in the process of research.This paper has the following innovation:Introducing segment market, combine subway distance variable with segment market variables, improve the model equation using interaction variable, adopt the modified basic linear model equation and left semi-log model equation to analyze the impact respectively. Then it compares with the analysis results of integrated market, and finds that the modified model equation can give a more reasonable explaination.