The influence of Beijing rail transfer stations on surrounding housing prices

This paper focuses on the resale prices of housing around the 10 rail stations opened in the last four years in Beijing. The premium effect of rail transit on surrounding residences is compared and analyzed using the hedonic price model. The research shows that the scope of influence, the degree of influence, the range of influence of negative externality and negative impact of transfer stations are greater than that of non-transfer stations, and the difference between transfer stations and non-transfer stations is much greater in the suburbs than that in the city. This research can assist with policy making, subway station planning, housing investment and real estate development. (C) 2016 Elsevier Ltd. All rights reserved.