The Analysis of South Lake Based on Hedonic Model in Xi'an Influence on the Peripheral Real Estate Value

Abstract:

With the development of economy and the improvement of peoples living standard, the promoting effect of landscape water on its surrounding real estate industry has become more and more obvious, and attracted the peoples widespread attention. The paper uses the Hedonic model and collects 40 samples based on the south lake surrounding of Xi'an QuJiang dozens of residential area, regarding housing transaction price as the dependent variable, the construction area, the distance to the south lake (hereinafter referred to as distance) and supporting facilities as the independent variable, the logarithmic model was selected for the regression analysis, and get the result that the increment percentage of a house is 0.1% while the average distance close to 1 meter.

• Periodical: Advanced Materials Research (Volumes 791-793)
• Pages: 2183-2187
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.791-793.2183
• Online since: September 2013
• Authors: Xu Kuo Gao, Feng Zhang
• Keywords: Hedonic Model, Landscape of South Lake, Real Estate Value

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