| Urban rail transit due to its high performance, safety, energy saving and environmental protection and other advantages, become the effective solution to urban traffic congestion, pollution and the shortage of land resources. While in the process of development of urban rail transit in China faced with a shortage of funds, the operation of payments is difficult to balance and other aspects of the problem, So study the impact of urban rail transit on property value, part of the external benefits of urban rail transit into internal efficiency, to make up for the shortage of funds in the construction and operation, and it has important application value and theoretical significance.This paper summarizes the literature on the basis of the analysis and comparison study of urban rail transit time effect on the real estate value, including repeat sale model, the average comparison method, time dummy variable method, hedonic price index method, Estimation of hedonic methods. The final selection of the method of semi-logarithmic functional form of the mixing period of time dummies as the core method of this study.Through the collection of ordinary average price of residential real estate in Beijing Metro Line13surrounding2km within sites as well as some of the characteristics of variables, using spss linear regression analysis to obtain the variable coefficient, and drawn out of the house price index rate of change in curve, resulting in the following Conclusion:(1)The operation periods of Metro Line13have more impact on house prices than the construction period;(2) The construction periods of Metro Line13have a negative impact on property prices;(3) Metro Line13which opened in2003brought price fluctuations of the first "peak";(4) Metro Line13have a negative impact on property prices in initial operation;(5) Metro Line13just opened four years, the impact on house prices increased year by year, the influence is gradually reduced after four years, but it still retain a certain growth rate. |
PDF Full Text Request