Study On The Influence Of Urban Rail Transit On Residential Sub-market Price Along The Line

Nowadays,rail transit plays an increasingly important role in urban life.On the one hand,rail transit has made important contributions to alleviate urban traffic congestion,improve transport efficiency,reduce energy emissions and protect the urban environment;on the other hand,the construction and operation of rail transit promotes the economy along the line and promotes the balanced development of urban economy.The research of rail transit on housing price has become a hot issue in housing market research,which is of great significance to the scientific management and regulation of housing market.The real estate market of different types and location conditions is different,which leads to the deviation of the overall model and the lack of pertinence of the results.Taking Qingdao Metro Line 3 as an example,this paper firstly subdivides the residential market along the Metro Line Based on administrative division and factor-cluster analysis,and verifies the existence of residential sub-market along the M3 line of Qingdao Metro through Chow test.Then,according to the segmentation results of two kinds of residential market,the evaluation accuracy test is carried out respectively,and finally the higher accuracy division result is determined to be the sub-market of factor-cluster analysis.With the help of map,this paper explores the market distribution law and sub-market characteristics,and divides the residential market along M3 line into coastal residential area,commercially developed residential area and commercially developed residential area.On this basis,considering the functional differences of the site,the site heterogeneity factor is added to the traditional hedonic price model to improve,and the overall market model and sub-market model based on the site type are constructed.This paper studies the sub-market effect of rail transit on housing price,discusses its spatial differentiation law and influence mechanism,and puts forward reasonable suggestions for metro line planning,metro construction financing and real estate development along the line.The results show that:(1)The radius of influence of Qingdao Metro Line M3 on housing price varies in different sub-markets.The influence radius of coastal residential area is 500-1000 m,that of commercial development residential area is 0-2000 m,and that of commercial developed area is 0-1000 m.(2)The effect and degree of influence are different in different regions.The impact of developed commercial areas is negative within 0-500 m,the highest value-added range is in the range of 500-1000 m,while the impact of commercial development areas and coastal residential areas is positive,and the impact decreases with the expansion of radius.(3)Other factors have sub-market effects on housing prices.The heterogeneity of the site has a significant impact on housing prices.The higher the grade,the greater the price rise.The unique seascape of Qingdao has the greatest impact on housing prices,followed by educational factors.The impact of different school districts on housing prices is different.