Study On The Radiation Effect Of Urban Commercial Center On Housing Price

Since reform and opening up,the Chinese economic development has made remarkable achievements.And it is also the golden age of property market.At the same time,with the progress of urbanization and the improvement of consumption level,there are more and more urban commercial centers in the cities.As we all know,the construction of urban commercial center can improve the regional advantages of houses,and then raise housing prices.But concretely speaking,how does the urban commercial center affect the housing prices? What is the range of the effect? There are many problems which are still unknown.Therefore,this paper tried to find out the radiation effect of urban commercial center on housing prices based on such social background.Firstly,the domestic and foreign literatures about commercial centers and business circle are read widely to understand the current research results.Secondly,the basic definition of radiation effect about urban commercial center on housing prices is proposed.And then,the mechanism of action about the radiation effect of urban commercial center on housing prices is elaborated based on the theory of electromagnetic radiation effect.After that,a radiation effect model about urban commercial center on housing prices is built,and the hedonic price method and GIS are used to analysis the data.Finally,it is the case study.The commercial center and houses in Shenyang are chosen as the study subject.And the data about commercial center and housing prices is quantified by data collecting and model fitting.As a result,two variables have significant impacts on the radiation effect of urban commercial center on housing prices,which includes the brand influence of urban commercial center and the distance from urban commercial center to house.Furthermore,from the view of urban geographical distribution,the radiation effect of urban commercial center on housing prices is also confirmed by the spatial analysis of GIS.In the end,some suggestions are offered to government,real estate company and homebuyers.