Impact Analysis Of Xi’an Metro To The Price Of Residence

As an important transport，MTR has become an important way for China ’s majorcities to ease traffic congestion along with the rapid development of China ’seconomic and social. On the one hand, the construction of the subway eases thepressure on urban traffic; on the other hand, the construction of the subway has a greateffect on housing prices. So that, research the effect of the subway on residential prices,which can provide strong evidence for the harmonious development of the subwayconstruction and residential development.As the largest city in western China, Xi’an has became a developed real estatemarket’s city, and Xi’an subway construction is in full swing, whose impact onhousing prices is becoming increasingly prominent. The articles selected Xi’an subwayas the object of study, and analysis Xi’an subway’s impaction on housing prices on thebasis of the previous studies and basic research theory. First, the article analyzes theinfluencing factors of the housing price as well as subway’s characteristics, accordingthe underlying theory, the paper qualitative analysis the role of the subway residentialprice. Second, because of housing prices is influenced by many factors, in order toensure the accuracy of the analysis, the article constructs residential price impactfactor’s Index system, and the use of factor analysis to determine the impact of Xi’anMetro on housing prices. Finally, in view of the subway is a conveyance, the effect ofmetro on the residential prices is mainly reflected in the transportation cost. So that, thearticle builds a relational model of transportation costs and housing prices, selects theXi’an Subway surrounding residential prices as the sample, calculates the part ofsubway affect residential price, we can get: the radius of Xi’an metro affect housing price is1500m, effect becomes first strengthen weakened after along with increasingdistance, which becomes maximum at800m; according to the relationship of Xi’ansubway and residential prices, the effect of pooled time cost is maximum, the effect ofsecurity is minimum.This paper qualitative and quantitative analysis the Xi’an subway affect onhousing prices, which provides a new reference for government departments tooptimize the layout of the city and rational planning of urban transport, as well as theinvestment and development of residential developers, operators and consumerpurchase of residential and provide a strong reference.