Study on housing price along the Guangzhou metro line 1 based on Hedonic Price Model

Metro improves the accessibility along the area,and reduces the cost of residents commuting.It has a profound impact on real estate prices along the line.This paper takes 100 samples along the Guangzhou metro line 1 as an example to analyze which factors influence the housing prices based on Semi-logarithmic Hedonic Price Model.In the following,thirteen factors which belong to the building characters,neighborhood characters and location characters have been set up to calculate.The result shows that the housing prices along the metro line 1 have been affected by 7 factors,the primary role of the housing price is the distance from housing to main business district,and the housing properties directly affect its price.Moreover,schools and hospitals around the housing would promote the price,further more,the closer to metro station,the higher housing price would be under the effective impact range.