The Research Of Housing Characteristic Price In Qujiang New District Of Xi’an Based On HPM

HPM (Hedonic Price Model) that hedonic price model, Europe and the United States estimated the price of residential real estate an important method, the basicprinciple is to be seen as a series of different residential products consisting ofheterogeneous product characteristics, consumer preferences and utility of Basicresearch various features of the residential property prices. HPM can improve theoperation of the property assessment methods and measurement results are unbiased,therefore, is widely used in foreign countries to the value assessment, indexconstruction and valuation of non-market goods and other aspects. Our long-termimplementation of the planned economic system, residential product characteristics onhousing prices was not significant, combined with data acquisition difficulties andother reasons, making this method in China started relatively late. In2004, China’sIndex Academy formally introduced HPM, the operator of China10years to conducta comprehensive improvement of real estate. Subsequently, some scholars beganexperimenting with HPM study characteristics of the real estate market prices.2003Xi’an government started to build a "cultural history+Value+New City" nationalunique "Qujiang Mode", Qujiang New District by virtue of their natural environmentand cultural atmosphere livable attracted a large number of well-known real estatecompanies. Qujiang New District residential real estate market is showing aarchitectural style, building structure and diverse characteristics, some of the highprofile real estate, such as the International Community, Vanke Golden Mile Qujiang, Golden Lake City and other large construction environment, promoteQujiang New housing prices rise.2012sales of commercial area Qujiang1,984,400square meters, accounting for real estate sales in Xi’an for17percent, rose6.18percent. This paper attempts to introduce HPM Xi’an Qujiang New District residentialprice research, build Xi’an Qujiang New District hedonic price model to analyze thecharacteristics of the region and the residential housing price relationship.This paper describes the hedonic price theory and model development, domesticand international HPM in the residential market research review, the system analyzesthe HPM theories, based on the Qujiang New Housing Price HPM empirical research,from the perspective of determining the impact of housing characteristics song RiversArea housing prices in13major characteristic variables. With the help of statisticalsoftware SPSS16.0, linear, logarithmic and semi-logarithmic functional form threekinds of variables to quantify the residential, through the Qujiang New Districtresidential fieldwork and on-line information and data publicly listed on theintegration, based on Qu Xian New River housing market studies, proving the Qujiang ordinary residential housing prices and the number of relationships betweenfeatures. Innovation of this paper has two main aspects, one is summed up in Xi’anQujiang New housing prices affect the characteristics of variables, Qujiang NewDistrict to build a hedonic price model. Two parking spaces are found to affecthousing prices Qujiang most important characteristic factors, the last of the CMC anddevelopers a complete set Qujiang parking construction and managementrecommendations.