轨道交通建设对沿线商品住宅价格影响越来越明显。该文根据国内外相关研究经验,运用武汉市轻轨一号线规划和运营之间的高层住宅价格数据,基于地价函数构建计量模型,对沿线周边1.5km高层住宅价格的波动影响做了实证分析,得出以下结论:第一,城市轨道交通投资效益具有明显的外部性,对沿线商品住宅所产生的影响是非常显著的。第二,城市轨道交通对沿线房价的影响在时间上具有一定程度上的超前性,一般在政府宣布规划中的轨道线和轨道建成运营时,沿线房地产价值就会有所上升。第三,轨道交通投资效益在最初的时间里对周边土地的外溢幅度比较大,然后随时间逐渐减小。第四,城市轨道交通沿线物业所有者是城市轨道交通开发利益的主要受益对象。轨道交通投资在一定程度上有失公平。政府应该对沿线物业所有者收取一定的开发外溢费。 The impact of rail transit construction on the prices of commodity houses along the line has become more and more obvious. According to the relevant research experiences both at home and abroad, this paper uses the data of high-rise residential buildings between the planning and the operation of Wuhan Light Rail Line 1 to construct a metrological model based on the land price function and makes an empirical analysis on the fluctuation of 1.5 km high- Draw the following conclusions: First, the investment benefits of urban rail transit have obvious externalities, and the impact on commercial houses along the line is very significant. Second, the impact of urban rail transit on house prices along the line has a certain degree of advance in time. Generally, the value of real estate along the line will rise when the government announces that the planned orbital lines and orbits are in operation. Third, the efficiency of rail transit investment in the initial period of the surrounding land spillover rate is relatively large, and then gradually decreased over time. Fourth, property owners along urban rail transit are the major beneficiaries of the development benefits of urban rail transit. Rail transit investment to a certain extent, unfair. The government should charge developers along the line a certain amount of development spill fee.