Study On The Impact Of Urban Rail Transit On Real Estate Price

Modern urban rail transit has many advantages such as fast,punctuality,green,environmental protection,large traffic volume,low traffic accident rate,etc.,which can greatly reduce people's travel time,reduce travel costs,and provide convenience for urban residents.Conditions have improved the happiness of residents' lives.Urban rail transit is an important way to solve the problem of traffic congestion in modern urban development,and it is also the trend of urban transport development in the future.Along with the continuous development of the social economy,under the influence of the market economy,land as a real estate commodity and its location will become a scarce resource for society.The more favorable the geographical location,the higher the value of the corresponding land,and the greater the intensity of development.With the continuous development of human society,urban rail transit determines the location advantage of the land to a certain extent,and at the same time,it will have different degrees of influence on the value of surrounding real estate.At present,more and more second-and third-tier cities in China are starting to build large-scale subways on a large scale.The booming development of urban subways will definitely have a huge impact on the prices of surrounding houses.How to do a good job of the impact of the subway on the surrounding real estate prices has also become a research hotspot in related industries.Based on the impact of the first phase of Fuzhou Metro Line 1 on the surrounding real estate prices,this paper mainly uses the characteristic price model,combined with the statistical software SPSS22.0 and the office software Excel,to collect 158 pieces.The data of the characteristic price factors of residential quarters are analyzed to quantitatively verify the specific impact of Fuzhou Metro on the value-added effect of real estate prices along the line.The main conclusions of the study are: within 2 km,the residential property is increased by 4.36 yuan per square meter for every 1 meter decrease in the related site of the first phase of Fuzhou Metro Line 1.It shows that the first phase of Fuzhou Metro Line 1 has a significant impact on the residential price near the site,and it has a positive impact.In addition,through statistical comparison analysis,the real estate price data of the two cross-section time points in June 2016 and June 2018 is the same distance.Changes in real estate prices in different distances within 1 km of the site.It is found that the closer the housing price is to the same site in two years,the higher the increase in residential price,and the increase in residential price along the subway is significantly higher than the average increase in residential price in Fuzhou,indicating that the factor of subway has a significant time-increasing effect on residential prices along the line.Combining the corresponding research conclusions to analyze and summarize,it provides certain theoretical and practical significance for the financing development of metro construction,real estate related research and buyers to provide decision-making reference.