The Research Of Urban Public Resource On Commercial Housing Price

In a short span of20years, China’s real estate industry growth from a new industry into the pillar industry of China’s economy. At the same time, rising prices has also become the focus of attention, and even rose to the height of the political price. It has become an important subject of academic research. The foreign scholars who study of The factors that affect real estate price more from the housing supply and demand, the real estate policy. On the price of research scholars at home and abroad starting from the perspective of housing supply and demand, real estate policy control, research, analysis of the factors that affect real estate prices. Domestic scholars in the choice of research methods to use more qualitative analysis, the weak quantitative research; foreign scholars emphasis on quantitative research. Domestic and foreign scholars in the process of quantitative studies tend to focus on a certain kind of public resources, such as schools, parks, subway, the lack of comprehensive consideration of a number of public resources research, systematic research process and outcome is poor. Thus systematic quantitative study of the impact on the price of the real estate market on a number of public resources are placed in various countries to learn in front of an important topic.The hedonic price model study of public resources on real estate prices. Hedonic price model can be an objective assessment of the degree of influence of the urban public resources on real estate prices, to measure consumers’ willingness to pay for the use of public resources, it is very purposeful. For government investment and construction of public resources, you can also provide a scientific study of public resources on the real estate market prices can estimate the value of public resources, can provide a reference for the consumer purchase decision-making to help real estate developers on the positioning of the product items basis.In this paper, public resources impact on house prices is mainly divided into four parts.The first part of the research literature at home and abroad to sort out of the sources and significance of the subject of this article. Quantitative research, analysis of the multiplier effect of public resources on real estate values to measure the social value of public resources in Yinchuan City.The second part of the introduction of the concept of public resources, features and create a hedonic price model analysis, testing. Public resources are shared by all members of society, it is the basic conditions for social development and people’s happy life. Public resources have equality, competitiveness and public welfare.The third part is the data acquisition and processing of the data into the hedonic price model for quantitative analysis using SPSS software. The paper selected as the study area, Yinchuan Jinfeng District, Xixia study to select three districts,37residential projects, the project as a variable to the CBD distance to the nearest parks, schools, hospitals, bus stations and projects, analysis of urban public resources on real estate prices.The fourth part is an empirical analysis of housing price model. The hedonic price model selected in the linear model, evaluation and testing, and analysis of residential projects one by one to the nearest parks, schools, hospitals and other independent variables on the dependent variable (price) quantitative analysis. Finally, the model to be explained and discussed, and analysis of the impact of public resources on real estate prices make feasible suggestions for the status quo of public resources in Yinchuan.