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MA Chao-qun, YANG Fu-she, WANG Yu-ping, LI Xue-jun. Impact of rail transit on price increase of residential real estate[J]. Journal of Traffic and Transportation Engineering, 2010, 10(4): 91-96. doi: 10.19818/j.cnki.1671-1637.2010.04.015
Citation: MA Chao-qun, YANG Fu-she, WANG Yu-ping, LI Xue-jun. Impact of rail transit on price increase of residential real estate[J]. Journal of Traffic and Transportation Engineering, 2010, 10(4): 91-96. doi: 10.19818/j.cnki.1671-1637.2010.04.015
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Impact of rail transit on price increase of residential real estate

doi: 10.19818/j.cnki.1671-1637.2010.04.015
  • 1.

    School of Highway, Chang'an University, Xi'an 710064, Shaanxi, China

  • 2.

    School of Science, Chang'an University, Xi'an 710064, Shaanxi, China

  • 3.

    School of Civil Engineering, Xi'an University of Architecture and Technology, Xi'an 710055, Shaanxi, China

More Information
  • Author Bio:

    MA Chao-qun(1978-), male, lecturer, PhD, +86-29-82334636, machaoqun314@163.com

  • Received Date: 2010-04-16
  • Publish Date: 2010-08-25
    Abstract
  • The internal mechanism and contributory factors on the impact of rail transit on the price of residential real estate alongside rail transit were analyzed, and a quantitative model was proposed to measure the influence based on Alonso's Residential Location Theory.In this model, the lowest living costs of residents were taken as equilibrium condition, housing costs and trip costs were exchanged, and their differences of defraying times were taken into account.The price increase of residential real estate caused by rail transit operation was measured by using income capitalization approach, and the proposed model was used in Xi'an Metro Line 2.Calculation result shows that the longer the distance from urban center is, the higher the price increase of residential real estate alongside rail transit is, and the impact of Xi'an Metro Line 2 on the price increase of real estate is 10% averagely.

     

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