Resource-residential dual drivers: an empirical study on regional heterogeneity in Beijing's secondary housing prices

This research explored the factors that determine housing prices and their regional differences in Beijing's second-hand housing market using complete transaction data from 2024 covering all 16 administrative areas, adopted the Hedonic Price Model and carried out separate Ordinary Least Squares (OLS) regressions for different sub-markets, the results showed a clear two-part difference in how prices were formed which was described as being "resource-driven" compared to "residence-driven", in cent