THE SPATIAL VARIATION AND AFFECTING FACTORS OF THE HOUSING PRICE GRADIENTS——THE CASE OF BEIJING

Based on the monocentric assumption of the urban spatial structure,the paper uses a hedonic regression model to estimate the housing price gradients of Beijing.The result shows that the model with dummy variables representing the spatial direction attribute explains much better than the original simple monocentric model.The spatial variation of the housing price gradients across different direction region of the city is significantly observed,which is mainly influenced by the urban spatial structure and the transportation infrastructure.The regression result is highly consistent with the actual situation of Beijing.