The Hedonic Price Model Of Rent Price And Factors Influencing The Rent Of Long-term Apartment In Shanghai

Long-term apartment rental is a hot issue emerging after July 2017 when the government released relevant polices such as equal rights for rent and sale.In 2018,it has quickly become an emerging industry in the third-tier market of real estate and attracted capital injections from Internet giants,large industrial companies,real estate developers,etc.,which indicates that long-term apartment rental will occupy a considerable proportion of the market in the near future,and that relevant research is by all means of great significance.In August 2018,however,the prices of long-term rental apartments soared due to the loopholes in the management of several brands and the vicious competition to grab housing resources,causing broad indignation among tenants and widespread concern in the whole society.Long-term apartment rental has once again become the very focus of public debate.This article aims at exploring characteristic variables affecting the rental as well as the invisible price of each characteristic variable through the pricing model of long-term rental apartments,providing real estate developers and long-rent apartment platforms with information like renting preference and market trends to help lay foundation for development in site selection and house characteristics,and finally,giving insights concerning reasonable pricing of long-term rental apartments for developers,tenants and regulatory authorities.Current research on long-term rental apartment still lacks some quantitative and qualitative empirical analysis.And there is no research on the Hedonic price model of shared housing.This paper hopes to compare the price model of shared apartment and whole apartment through the combination of theoretical summarization and data analysis.Here is the summary of its feature prices and differences.The comparison found that the number of bedrooms will have a negative impact on the price of the shared house,which will have a positive impact on the price of the whole rented house;the building area and the number of parlors will have a positive impact on the two types of long-term rental apartments and will have a more obvious impact on the whole rented house.The educational environment has little impact on long-term rental apartments.In general,architectural features and location characteristics have a greater impact on long-term rental apartments,and neighborhood features have less impact on long-term rental apartments.