Analysis of the Impact of Commercial Facilities on Residential Housing Prices—A Case Study of Nanjing

Qi Xuan and Guang Yang ()
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Qi Xuan: Tongji University
Guang Yang: Tongji University

A chapter in Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate, 2021, pp 1005-1014 from Springer

Abstract: Abstract The surrounding commercial supporting factors have consistently been one of the important factors in judging the value of real estate. However, the judgment of commercial supporting factors is not so easy to judge as factors such as rail transit, hospitals, parks. To reflect commercial supporting factors, this article considers Starbucks, which has opened stores in commercial complexes, shopping centers and other high-level commercial service locations, and uses GIS to analyze second-hand housing prices in Nanjing. The results show that the developed commercial supporting areas with Starbucks stores within 1 km of the Nanjing community have a certain effect on the second-hand housing prices of the community, and the second-hand housing prices of the community are also affected by the community’s own factors and other location factors.

Keywords: Real estate value; Location value; Commercial facilities; Ordinary least squares (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-3587-8_66

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DOI: 10.1007/978-981-16-3587-8_66

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