Research On The Housing Consumption Function Of Shanghai Housing Market

The housing consumption is one of the most important problems to the resident and government. It shows the relationship between people's income and their housing consumption, in which the consumption is one of the main variables. The research contributes to show some special features among the main economical variables.Although a lot of experts have researched the housing market and the consumption function, there is few ones concern about the relationship between the housing market and the consumption function in a specific region. After the serious consideration, the paper takes the Shanghai housing market as the sample of this research.The paper analysis the housing consumption function of Shanghai housing market based on the theory of consumption function and argues the influence of "the house price to income ratio (PIR) "and" the elasticity of demand" to housing consumption in Shanghai.The purpose of this research is to make the government and real estate developers understand the status of the Shanghai housing market better. And show them the affection of citizen income to the housing consumption. It is a useful reference for the government establishing the appropriate policies and for real estate developers investing in the area.