Study On The Impact Of Rail Transit On The Price Of Residential Price Along The Line

In recent years, urban rail transit develops fast in China. As of December 31, 2015, there are 27 cities can have the convenience of urban rail transit. Rail transport in addition to the convenience of the public travel, it has brought about by the external effects of social concern, and is a hot issue in the field of urban planning, transportation, real estate economics and other related fields. This study based on the hedonic price theory, focusing on Beijing subway line 15 collected along the residential price after empirical analysis of subway on the impact of house prices, trying to draw relevant conclusions in two dimensions: time effect and space effect.In the time effect, this paper in line with the metro line 15 across the board to open the time node to make calculations in December 28, 2014, found that the opening of the subway before the opening of the housing prices rose about 6.56% compared to the previous line. From the perspective of space effect, with the increase of the distance between the subway station and the residence, the subway has a significant negative impact on housing prices. Specifically, the distance from each increase in 1km, the residential unit price fell by 0.113%, the impact is small. And loop variable ring56, ring45, respectively, the positive impact on the residential unit price of 71.70% and 21.72%, a greater impact.After introducing the analysis of interaction, the model explains the ability of the model to further improve, and the space and time effects of different loop positions are obtained. On the spatial effect, inner-city residential of subway station distance than in the suburbs to more sensitive, as the distance increases, housing prices faster; in the time effect, after the opening of metro line 15, inner-city distance farther, subway to improve traffic more obvious.Finally, this study based on the above conclusions, is suitable to be used in Beijing urban rail traffic development and real estate market proposed establishing public-private partnership of rail transit oriented urban development model, further liberalization of social capital involved in rail transit construction and operation, and continue to implement the center city district to ease policy, policy suggestions to promote the sustainable development of the city.