Special and temporal effects of the urban rail transit on the real estate values

Hongping Wang, Qian Huang, Hailing Sun

COMPUTER MODELLING & NEW TECHNOLOGIES 2014 18(12C) 160-165

Henan University of Urban Construction, Pingdingshan, P.R. China

Urban rail transit is the combination of an urban underground rail, light rail, monorail, tram, new traffic, high-speed maglev trains, suburban trains and other rail traffics. Because of its many advantages, such as fast and efficiency, safe and comfortableness, energy saving and environmental protection, urban rail transit is welcomed by the public and urban transportation systems and it is a major part of the urban public transport In order to research the effects of urban rail transit on real estate value. First, this paper introduces the concept and characteristics of urban rail transit, then sorts out the influence factors of the real estate value and points out the primary factor, which is the rail transit. Through building mathematical function model, we discover that property value and the rail transit are the differential multiple relationships. The study benefits the research and practice in related industries.