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

In: Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Qi Xuan

    (Tongji University)

  • Guang Yang

    (Tongji University)

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.

Suggested Citation

  • Qi Xuan & Guang Yang, 2021. "Analysis of the Impact of Commercial Facilities on Residential Housing Prices—A Case Study of Nanjing," Springer Books, in: Xinhai Lu & Zuo Zhang & Weisheng Lu & Yi Peng (ed.), Proceedings of the 25th International Symposium on Advancement of Construction Management and Real Estate, pages 1005-1014, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-3587-8_66
    DOI: 10.1007/978-981-16-3587-8_66
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