Spatiotemporal Evolution and Influencing Factors of Residential Prices in Zhengzhou
The dynamic fluctuations in the real estate market significantly impact the development of the national economy. Investigating the spatiotemporal characteristics of housing prices can assist the government in formulating rational regulatory policies. Taking Zhengzhou City as the research subject, th...
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| Format: | Article |
| Language: | English |
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MDPI AG
2025-02-01
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| Series: | Buildings |
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| Online Access: | https://www.mdpi.com/2075-5309/15/5/667 |
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| author | Yafei Wang Tian Cui Wenyu Zhong Wenkai Liu Qingfeng Hu Bing Zhang |
| author_facet | Yafei Wang Tian Cui Wenyu Zhong Wenkai Liu Qingfeng Hu Bing Zhang |
| author_sort | Yafei Wang |
| collection | DOAJ |
| description | The dynamic fluctuations in the real estate market significantly impact the development of the national economy. Investigating the spatiotemporal characteristics of housing prices can assist the government in formulating rational regulatory policies. Taking Zhengzhou City as the research subject, this study analyzed the spatiotemporal characteristics of housing prices based on housing price data and POI (Point of Interest) data from January 2022 to March 2024, utilizing a spatial scale of 500 m × 500 m grids. A hedonic price model and a geographically weighted regression (GWR) model were constructed to examine the mechanisms of 12 influencing factors on housing prices. The results indicate that housing prices in the eastern part of Zhengzhou are higher than those in the west, with an overall declining trend observed in Zhengzhou’s housing prices. Among the influencing factors, the age of the house exerts the greatest impact on housing prices, while finance has the least influence. The GWR model demonstrates superior fitting performance compared to the hedonic price model. The mechanisms of the influencing factors exhibit spatial heterogeneity. This study provides valuable insights for relevant government departments in Zhengzhou City, contributing to the optimization of urban planning and the regulation of the real estate market. |
| format | Article |
| id | doaj-art-4cce811eddbf4b5fb626b0e77e1c50d6 |
| institution | DOAJ |
| issn | 2075-5309 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Buildings |
| spelling | doaj-art-4cce811eddbf4b5fb626b0e77e1c50d62025-08-20T02:58:58ZengMDPI AGBuildings2075-53092025-02-0115566710.3390/buildings15050667Spatiotemporal Evolution and Influencing Factors of Residential Prices in ZhengzhouYafei Wang0Tian Cui1Wenyu Zhong2Wenkai Liu3Qingfeng Hu4Bing Zhang5College of Surveying and Geo-Informatics, North China University of Water Resources and Electric Power, Zhengzhou 450046, ChinaCollege of Surveying and Geo-Informatics, North China University of Water Resources and Electric Power, Zhengzhou 450046, ChinaCollege of Surveying and Geo-Informatics, North China University of Water Resources and Electric Power, Zhengzhou 450046, ChinaCollege of Surveying and Geo-Informatics, North China University of Water Resources and Electric Power, Zhengzhou 450046, ChinaCollege of Surveying and Geo-Informatics, North China University of Water Resources and Electric Power, Zhengzhou 450046, ChinaCollege of Surveying and Geo-Informatics, North China University of Water Resources and Electric Power, Zhengzhou 450046, ChinaThe dynamic fluctuations in the real estate market significantly impact the development of the national economy. Investigating the spatiotemporal characteristics of housing prices can assist the government in formulating rational regulatory policies. Taking Zhengzhou City as the research subject, this study analyzed the spatiotemporal characteristics of housing prices based on housing price data and POI (Point of Interest) data from January 2022 to March 2024, utilizing a spatial scale of 500 m × 500 m grids. A hedonic price model and a geographically weighted regression (GWR) model were constructed to examine the mechanisms of 12 influencing factors on housing prices. The results indicate that housing prices in the eastern part of Zhengzhou are higher than those in the west, with an overall declining trend observed in Zhengzhou’s housing prices. Among the influencing factors, the age of the house exerts the greatest impact on housing prices, while finance has the least influence. The GWR model demonstrates superior fitting performance compared to the hedonic price model. The mechanisms of the influencing factors exhibit spatial heterogeneity. This study provides valuable insights for relevant government departments in Zhengzhou City, contributing to the optimization of urban planning and the regulation of the real estate market.https://www.mdpi.com/2075-5309/15/5/667housing pricesPOIspatiotemporal evolutionhedonic price modelGWR |
| spellingShingle | Yafei Wang Tian Cui Wenyu Zhong Wenkai Liu Qingfeng Hu Bing Zhang Spatiotemporal Evolution and Influencing Factors of Residential Prices in Zhengzhou Buildings housing prices POI spatiotemporal evolution hedonic price model GWR |
| title | Spatiotemporal Evolution and Influencing Factors of Residential Prices in Zhengzhou |
| title_full | Spatiotemporal Evolution and Influencing Factors of Residential Prices in Zhengzhou |
| title_fullStr | Spatiotemporal Evolution and Influencing Factors of Residential Prices in Zhengzhou |
| title_full_unstemmed | Spatiotemporal Evolution and Influencing Factors of Residential Prices in Zhengzhou |
| title_short | Spatiotemporal Evolution and Influencing Factors of Residential Prices in Zhengzhou |
| title_sort | spatiotemporal evolution and influencing factors of residential prices in zhengzhou |
| topic | housing prices POI spatiotemporal evolution hedonic price model GWR |
| url | https://www.mdpi.com/2075-5309/15/5/667 |
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