RESEARCH ARTICLE
Study on the Influence of Urban Rail Transit on the Value of Real Estate Based on Information System
Jiao Lichao*
Article Information
Identifiers and Pagination:
Year: 2015Volume: 9
First Page: 73
Last Page: 80
Publisher ID: TOBCTJ-9-73
DOI: 10.2174/1874836801509010073
Article History:
Received Date: 10/4/2015Revision Received Date: 20/5/2015
Acceptance Date: 15/6/2015
Electronic publication date: 19/8/2015
Collection year: 2015
open-access license: This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International Public License (CC-BY 4.0), a copy of which is available at: https://creativecommons.org/licenses/by/4.0/legalcode. This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Abstract
Urban rail transit has strong transportation capability, but little environmental pollution. Besides, it also saves land resource. These advantages make the urban rail transit gradually becomes an effective measure to solve city traffic problems. In order to analyze the impact of the scope and extent of urban rail transit on the real estate, this paper first introduces the composition of real estate market information system, explains the process of how the urban rail transit influences the value of real estate by taking the 1st project of line 1 of Zhengzhou urban rail transit in Henan province for example, finds the semi logarithmic model which has the best regression effects with three hedonic price models and the collected data from the real estate market information system, and finally works out the added value of real estate generated by the above urban rail transit.