| With the improvement of traffic condition in developing countries, rail traffic, with the characteristics of large capacity, fast, high security, low accident rate, rail traffic has become the increasingly mainstream vehicles. Rail transit network changed location, making foreign scholars pay more attention to factors that affect real estate prices. After2008, multiple metro capital city in China began planning rail transit project in China, more and more domestic scholars are increasingly concerned about its effect on the real estate industry caused by rail traffic.This article combines the research of scholars at home and abroad, and on this basis, introduces the classification and characteristics of rail transport, status of rail transit development in China and its effect on property values. After that, compared of several common function models that analysis the impact of real state valuation through the effect of Metro system,such as "Traffic Cost Model", and "Assets Value Model", and "Spending System Function Model", and "Hedonic Price Model", and eventually selected "Hedonic Price Model" to research the impact of62residential real estate value along Kunming track traffic Line1, choose features price factors from three aspects:location features, structures features, and neighborhood features. Then established the Hedonic Price Model Function, on data for return analysis,with the selection of variables, get the conclusion:The impact of Kunming rail transit Line1on real estate prices is most significant in1kilometer around it. In this investigation area, when property close to rail lines every1meter, its price average increase0.157yuan. Each property value increased4.05%per square meter; Average real estate value added amounted to157Yuan per square meter. Samples of significant real estate to results added value amounted to343,839,580,000yuan.Finally give advisement of the huge external effects come from Kunming Urban Railway transit Line1. |
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