Open AccessTemporal and Spatial Effects of Urban Center on Housing Price — A Case Study on Hangzhou, China
Author(s) -
Luhong Chu,
Haizhen Wen
Publication year - 2018
Publication title -
world journal of social science research
Language(s) - English
Resource type - Journals
eISSN - 2375-9747
pISSN - 2332-5534
DOI - 10.22158/wjssr.v5n1p89
Subject(s) - real estate , urbanization , center (category theory) , china , economic geography , geography , construct (python library) , distribution (mathematics) , econometrics , economics , economic growth , finance , computer science , mathematics , mathematical analysis , chemistry , archaeology , programming language , crystallography
With the acceleration of urbanization and the rapid development of real estate, people pay more and more attention to the change of urban housing prices. Over time, the change of city center will inevitably affect the urban land or housing prices, which is reflected in the spatial distribution of urban land or housing prices. Therefore, this article attempts to explore the impact of urban center on housing prices from the perspective of multi-center city and study separately from two aspects of time and space. This paper takes the six main urban districts of Hangzhou as the research scope. At the time level, we select the residential data from 2007 to 2015 to construct models respectively based on the hedonic price theory and find that the influence of different urban center on housing price shows a certain change with time. On the spatial level, this paper choses the residential data in 2012 to construct geographic weighted regression model and the result shows that the impact of three centers on housing prices shows a certain degree of spatial heterogeneity.