Research On The Influencing Factors Of Urban Land Price And Compilation Of Index

With the further improvement of the land system and the continuous development of the land market,land as a carrier of social activities and important social resources,its value is further highlighted.The price of land is the main feedback information and value judgment standard of land market operation.It plays a more and more important role in adjusting land resource utilization and optimizing land resource allocation."Bid Invitation" under the open market within the city land price differentiation is obvious,the city within the plate between the land price differences.Real estate companies tend to have more confidence in the core of the plate,although the highly competitive,high land prices but the market fluctuations in the case of high premium often have a stronger ability to resist risks.Low land prices tend to exist in the plate long cycle of the problem,the attractiveness of housing prices is not.From the consumer level,the core area of high land prices,including employment opportunities,education,medical conditions,urban infrastructure,culture and so more attractive,which also led to some other market segments to the long cycle.From the government level,urban land prices within the market differentiation,leading to uneven development of urban regional differentiation.Some low-cost plate,real estate development funds to escape the basic supporting construction can not keep up,to further reduce the interest of buyers to form a vicious cycle,resulting in a waste of residential resources,affecting the stability of housing consumption policy implementation.The uneven development of the land market within the city,the core plate premium is too high,housing prices competing development,and low-income people purchasing power is limited,it will inevitably lead to supply and demand dislocation problems.Therefore,the impact of urban land price factors and index preparation,it is particularly important.China’s land market matures,after the land reform,the implementation of the "Bid Invitation" mode of competition in the market mechanism,in a competitive market environment,the land prices more truly reflect the market supply and demand.In this paper,on the basis of the domestic and foreign research results,first for the influence factors of land price in the summary of the system,through the research and reference effect on the city land price index and the factors of literature,combined with the actual situation of the land market in Hangzhou city,The use of 2010-2015 in Hangzhou six main city public listing 336 cases(including 146 residential land,190 commercial land)to establish the hedonic price model of land transactions price time series on the same section of land transaction data,and the design of 2010-2015 in the city of Hangzhou residential land and commercial land characteristics the price index for residential land behind the further market partition developed hedonic price index of Jianggan District,Gongshu District and other four areas,are analyzed and compared.The conclusions of the paper are as follows:(1)The volume rate of residential land and commercial land are positive,that is,the higher the volume rate,the higher the price of land.The distance from West Lake,from Qiantang River distance,parcel area of residential land and commercial land are negative influence.The parcel is closer to West Lake and Qiantang River,the higher the price of land.According to this study,the land price has a negative impact on the land price.(2)Whether for residential or commercial land,Hangzhou is affected by the natural landscape of West Lake River and Qiantang River is relatively large,and commercial use from West Lake and Qiantang River near the residential land price is higher.And their impact on residential land is greater than that of commercial land.The impact of this factor on the volume of residential land is slightly greater than the impact on commercial land.(3)The hedonic price index partition is established,the factors affecting land prices in different regions of the different characteristics of Jianggan District,affected by the volume rate,the distance from West Lake,from Qiantang River distance,parcel area,Gongshu District and other four areas is mainly affected by the distance from the West Lake land and the volume rate is relatively large.Government can be based on these characteristics of the impact of factors such as changes in the transfer of land prices and other indicators to control the internal regional price differentiation,promote the coordinated development of the city plate.The research on the hedonic price model is comparatively mature.The research on the price of land price is comparatively more,but the research on the land price index is very few by the characteristic price time series equation.The price index of land price produced by homogeneous transaction land price data can reflect the changes of market and the influence degree of influencing factors,which has certain reference value for the compilation of current land price index in our country.The government can control the price differentiation within the city by changing the land transfer index and so on,and promote the coordinated and steady development of the city plate.