Rail Transit And Evaluation Of Residential Value Along The Line

Urban rail transit is highly efficient, energy saving, comfort and safety for mass urban passenger transport. As China’s major cities in varying degrees of environmental pollution, traffic congestion and other problems, the majority of urban residents are not satisfied for living environment. To develop rail transport is increasingly becoming an effective way to resolve these contradictions and problems. Accordingly, the real estate market achieved rapid development. More and more, academics and experts had concerned about changes in rail traffic, along the trend of the housing prices, and the use of mathematical models to delve into factors, along the housing price fluctuations, in order to accurately grasp the key on the track residential valuation. Based on a review of relevant researches at home and abroad, firstly, the paper summarized main mechanism to the impact of the value of residential theoretical analysis and HPM (Hedonic Price Model) as the valuation. After that, HPM (Hedonic Price Model) was used to assess the value of the housing along the Zhengzhou Metro and reached that Line1’s impaction of valuation for the surrounding residential is 0.6 kilometers around the station. Next, Zhengzhou Metro Line 1, the price of residential real estate business case, the paper test the model by concluding HPM. Finally, according to HPM model evaluation deficiencies, we not only proposed a number of measures and recommendations for improvement, but also pointed out the direction for further research and made a prospect.