THE RELATIONSHIP BETWEEN LIVEABILITY AND PRICE OF RESIDENTIAL HOUSES – A CASE STUDY OF SHENZHEN
- 1Key Laboratory of Urban Land Resources Monitoring and Simulation Ministry of Land and Resources of China, Shenzhen, China
- 2Real Estate Assessment Center, Shenzhen, China
Keywords: liveability, housing price, Point of Interest
Abstract. This study proposes an index for cities in China to measure the liveability of real estate. This liveability index combines indicators from four dimensions including education, transportation, living facilities and entertainment, and can be quickly obtained by using data of Point of Interest, based on popular internet maps. Then, using Shenzhen as a sample city, correlation analysis has been adopted to examine the relationship between this liveability index and housing price. The results show that, the liveability index can well reflect the real-world situation of the city. Moreover, a weak but significant relationship can be found between liveability and the housing price. The results of this study not only can be used for urban residents to search a proper housing estate, but also can assistant urban planners and policy makers to get a general map of the spatial structure of the city.