| China’s real estate industry began to rise in the 1980 s and developed rapidly in the 1990 s.As residents living level is getting high,the demand of purchase on real estate is growing.As a result,the prices and sales of real estate have grown rapidly and the market expansion of real estate has been seen across the country.Real estate industry has become the pillar industries in China.The real estate price is affected by a variety of factors,one of which is the construction of the subway.As the process of urbanization speeds up gradually,many countries have chosen urban railway as an important way of transportation,which makes the relationship between real estate prices and the rail transit become more closely.There are a lot of researches on this problem in China and abroad.This paper mainly studies the influence of subway construction on real estate price.Especially in recent decades,both the real estate market and urban rail transit construction have made great progress.In the development of modern cities,the relationship between subway and real estate has become increasingly close.This paper summarizes and analysis the research results in this area at home and abroad,expounds the definition and characteristics of urban rail.It analyzed the main elements of the real estate value and that is influenced by urban rail transit,which can also be seen in influence mechanism way.Besides,the essay has made qualitative analysis on the influence of the real estate price fluctuation on the subway line,which is based on the construction and development of Shenyang urban rail transit.The study takes Shenyang metro line 2 for an example to make quantitative analysis to prove the fact that the construction of the subway has bigger influence on the real estate prices.The range of 0-500 meters to the subway site has the greatest effect on the real estate price.500-1000 meters,the effect getting weak,1000-1500 meter,the effect fall further,over 2000 meters,the effect on house prices almost non-existent.Meanwhile,the characteristics of real estate prices along the Shenyang metro are also analyzed.According to the study,the conclusions are as follow: Firstly,the construction of subway project is one of the most important factors to the real estate price,which also promotes the development of surrounding land greatly.Secondly,the distance between the real estate and the subway station has a significant impact on the real estate price.Finally,the effective distance that subway impacts on real estate price is 2000 meters.When the distance is over 2000 meters,and the subway has little impact on the real estate price.This essay,based on the real estate project in Shenyang along the metro lines,analyses the influence of subway construction to real estate prices,urban residents purchase preference,city function orientation,and made suggestions for real estate industry to adapt the construction of the subway in Shenyang. |
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