What impact does the subway have on the surrounding housing prices?

The influence of subway on the surrounding housing prices;

The impact of the subway on the surrounding housing prices is not a step-by-step increase. As soon as the subway plan was announced, the surrounding house prices rose in a round; At the beginning of the construction of iron, it will also promote the rise of housing prices.

After opening to traffic, the house prices around the subway will rise slightly, and with the maturity of subway operation, the house prices around it will gradually stabilize.

In terms of property value, after the subway is opened to traffic, the value of suburban property 0-500m away from the subway station will increase by 20%-25%, and the value of suburban property will increase by 10%- 15%. The closer to the subway station, the higher the house price; Within 3 km, for every 1 km of outward radiation, the housing price will drop by 6%-9%. Take the citizen core station of the transfer station as an example, the rent around it is nearly twice as fast as that of the one-way station.

Although the subway has a greater impact on housing prices, the impact of the core area on housing prices is not as great as that of the non-core area, because the location advantage of the core area is very obvious and there are many modes of travel, and the subway is just the icing on the cake. But in areas far from the city center, the subway will have a greater impact on housing prices.

Advantages of subway housing

As a route of urban planning, subway has a very positive impact on communities, businesses, office workers, students and developers. After the opening of the subway, it will drive the flow of people, making it easier for businesses to reach a deal. When the subway is opened, the residential property will appreciate and the house price will also rise. It is more convenient for student parties and office workers to travel and reduce commuting time.

If you have the conditions, you'd better choose a house with a subway, which has more room for appreciation and is convenient for your own transportation. When buying a real estate, in addition to the subway line, you need to consider the surrounding commercial, medical and living facilities and choose the real estate that suits you.