Open AccessInfluencing Factors of Housing Sales Vacancy in the Guangzhou Metropolitan Area, China
Author(s) -
Xiaoli Yue,
Yang Wang,
Hongou Zhang
Publication year - 2021
Publication title -
journal of architectural research and development
Language(s) - English
Resource type - Journals
eISSN - 2208-3537
pISSN - 2208-3529
DOI - 10.26689/jard.v5i6.2776
Subject(s) - metropolitan area , china , business , central business district , regression analysis , vacancy defect , demographic economics , geography , transport engineering , economics , engineering , statistics , mathematics , physics , archaeology , nuclear magnetic resonance
In this paper, nine indicators selected from three perspectives (convenience, environmental and location characteristics) and three regression models (OLS, SLM and SEM) are used to explore the influencing factors of housing sales vacancy in the Guangzhou Metropolitan Area, China. The results show that subway accessibility, peripheral aversion municipal facilities and distance from the CBD (Central Business District) are consistent with theoretical expectations. Subway accessibility is negatively correlated with the housing sales vacancy rates, while peripheral aversion municipal facilities and distance from the CBD are positively correlated with housing vacancy rates.