Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving Factors

As an important indicator of the level of urban economic development and the quality of the residents’ lives, housing prices are affected by various factors, such as the spatial distribution of the housing market, the housing characteristics of neighborhoods, and the location conditions. This paper...

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Main Authors: Yanjun Wang, Yin Feng, Kun Han, Zishu Zheng, Peng Dai
Format: Article
Language:English
Published: MDPI AG 2025-01-01
Series:Buildings
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Online Access:https://www.mdpi.com/2075-5309/15/2/195
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author Yanjun Wang
Yin Feng
Kun Han
Zishu Zheng
Peng Dai
author_facet Yanjun Wang
Yin Feng
Kun Han
Zishu Zheng
Peng Dai
author_sort Yanjun Wang
collection DOAJ
description As an important indicator of the level of urban economic development and the quality of the residents’ lives, housing prices are affected by various factors, such as the spatial distribution of the housing market, the housing characteristics of neighborhoods, and the location conditions. This paper summarizes the spatial distribution of housing prices in Qingdao using GIS, analyzing spatial distribution characteristics, and combines these with the Geographically Weighted Regression (GWR) model to explore the influence of various factors, such as community attributes, location, transportation, and peripheral facilities on residential prices. The results show that from 2003 to 2023, residential housing prices in Qingdao exhibited a significant, continuous upward trend, with rapid growth in the early period and more stable growth in the later period; the spatial structure of residential prices evolved from a “single core” in Shinan District to a “double core + fan” structure involving both Shinan and Laoshan Districts, eventually forming a “double core + fan + mosaic” spatial layout; the green environment, congestion, leisure facilities, service management, and other community factors not only reflect the economic strengths and lifestyles of the residents, but also serve as key drivers of residential price differentiation.
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institution Kabale University
issn 2075-5309
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spelling doaj-art-f4179d5267d64f0984c52450812b42dc2025-01-24T13:26:08ZengMDPI AGBuildings2075-53092025-01-0115219510.3390/buildings15020195Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving FactorsYanjun Wang0Yin Feng1Kun Han2Zishu Zheng3Peng Dai4College of Civil Engineering and Architecture, Shandong University of Science and Technology, Qingdao 266590, ChinaCollege of Civil Engineering and Architecture, Shandong University of Science and Technology, Qingdao 266590, ChinaQingdao Tengyuan Design Office Co., Qingdao 266100, ChinaCollege of Civil Engineering and Architecture, Shandong University of Science and Technology, Qingdao 266590, ChinaCollege of Civil Engineering and Architecture, Shandong University of Science and Technology, Qingdao 266590, ChinaAs an important indicator of the level of urban economic development and the quality of the residents’ lives, housing prices are affected by various factors, such as the spatial distribution of the housing market, the housing characteristics of neighborhoods, and the location conditions. This paper summarizes the spatial distribution of housing prices in Qingdao using GIS, analyzing spatial distribution characteristics, and combines these with the Geographically Weighted Regression (GWR) model to explore the influence of various factors, such as community attributes, location, transportation, and peripheral facilities on residential prices. The results show that from 2003 to 2023, residential housing prices in Qingdao exhibited a significant, continuous upward trend, with rapid growth in the early period and more stable growth in the later period; the spatial structure of residential prices evolved from a “single core” in Shinan District to a “double core + fan” structure involving both Shinan and Laoshan Districts, eventually forming a “double core + fan + mosaic” spatial layout; the green environment, congestion, leisure facilities, service management, and other community factors not only reflect the economic strengths and lifestyles of the residents, but also serve as key drivers of residential price differentiation.https://www.mdpi.com/2075-5309/15/2/195residential pricesspatial structuredriving factorsgeographically weighted regression models
spellingShingle Yanjun Wang
Yin Feng
Kun Han
Zishu Zheng
Peng Dai
Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving Factors
Buildings
residential prices
spatial structure
driving factors
geographically weighted regression models
title Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving Factors
title_full Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving Factors
title_fullStr Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving Factors
title_full_unstemmed Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving Factors
title_short Analysis of the Temporal and Spatial Patterns of Residential Prices in Qingdao and Its Driving Factors
title_sort analysis of the temporal and spatial patterns of residential prices in qingdao and its driving factors
topic residential prices
spatial structure
driving factors
geographically weighted regression models
url https://www.mdpi.com/2075-5309/15/2/195
work_keys_str_mv AT yanjunwang analysisofthetemporalandspatialpatternsofresidentialpricesinqingdaoanditsdrivingfactors
AT yinfeng analysisofthetemporalandspatialpatternsofresidentialpricesinqingdaoanditsdrivingfactors
AT kunhan analysisofthetemporalandspatialpatternsofresidentialpricesinqingdaoanditsdrivingfactors
AT zishuzheng analysisofthetemporalandspatialpatternsofresidentialpricesinqingdaoanditsdrivingfactors
AT pengdai analysisofthetemporalandspatialpatternsofresidentialpricesinqingdaoanditsdrivingfactors