Regional Comparison Of The Value Added Effect Of Rail Transit

Rail transport has many advantages,such as safety,convenience,energy saving,environmental protection and so on.It can effectively ease the traffic congestion status and facilitate the residents to travel.It has become an essential part of the transportation system in large and medium cities.Rail transit operation can effectively improve the accessibility of the surrounding property,amass business investment,produce value-added effect on prices in the city,increase the intensity of land development and utilization efficiency,and promote economic development and prosperity.The relationship between rail transit and city housing prices also involves many subjects of city economics,real estate economics and other related theory.To study rail transit on the price of the value-added effect has important theoretical and practical significance.For the related literature at home and abroad,most scholars study the impact of rail transit on housing prices concentrated on the general city level.However,the research of the influence in different areas of the city is lacking,and this paper will try to make it.Using hedonic price model,this paper studies the price appreciation effect of Nanjing Metro Line 3 in different region from the perspective of spatial heterogeneity.First of all,introduce the impact of rail traffic on the urban housing prices from the causes,direction,extent and other aspects about domestic and foreign literature.Secondly,expound the related theory of rail transit and city residents,and compare the characteristics of econometric model used by scholars in the study of the impact of rail transit on the city housing prices,and the paper finally chooses hedonic price model semi logarithmic form as the research method of the empirical part.Then,collect 495 effective residential real estate data near Nanjing Metro Line 3,quantitatively analyze the impact of rail transit on the city housing prices,including Metro Line 3 to Nanjing overall prices around the value-added effect analysis,sub regional analysis(4 District,Xuanwu District,Qinhuai District,Jiangning district and Pukou District)and the analysis of several aspects of this specific site.Based on this conclusion,this paper get some important conclusions,such as Metro Line 3 on a certain range of house prices showed a clear inverted U relationship.The influence of the subway on the city house price is the market effect,and it has regional differences.Because of the location of the site conditions,foundation facilities,traffic conditions and other factors,the subway station on the surrounding housing prices has different space.Finally,on the basis of the conclusions of the empirical research,the policy recommendations are put forward for the comprehensive development and utilization of rail transport and the surrounding land.